A major £1.4 million revamp for Magherafelt’s Meadowlane shopping centre looks on the cards going into the new year.
The proposed facelift involves changing the use of the basement car park to supermarket to include a new mall and amended service yard at the Moneymore Road complex.
Plans for the development - which are recommended for approval subject to planning agreement - come before next Monday’s meeting of Mid Ulster Council’s Planning Committee.
Meadowlane’s last major expansion took place over ten years ago when around £10 million was spent on a refurbishment project.
Centre manager Gareth Thomas told the Mail if the application is approved next week it would be “positive and important news” for the future of Magherafelt town centre.
He said the development would hopefully create further employment opportunities within the town.
It’s a vote of confidence in the town at an important time and the development brings with it the likelihood of jobs being createdCouncillor Paul McLean
Mr Thomas confirmed their letting agents have been in talks with national retailers regarding the planning application for an additional 25,000 sq feet of retail space.
Local DUP Councillor Paul McLean welcomed the news and said it was exactly what Magherafelt needed to hear at the start of a new year.
“It’s a vote of confidence in the town at an important time and the development brings with it the likelihood of jobs being created,” he said.
In a statement the applicants, Cookstown-based Castlefarm Properties Ltd, said: “ We have been in positive negotiations with Mid Ulster Council over their application and are seeking to collaborate with the Council to deliver this important investment opportunity to Magherafelt. The planning application comes before Mid Ulster Council next week and Castlefarm Properties Ltd would be hopeful for its approval.”
They pointed out that the company which has been the landlord of the shopping Centre since 2004 and to date has invested £15M in Magherafelt town centre.
“This planning application if approved would represent a further potential investment from Castlefarm Properties Ltd of £1.2m - £1.4m,” they said.
“Meadowlane Shopping Centre’s letting agents Lambert Smith Hampton and Lisney have been in discussions with national retailers regarding the planning application for an additional 25,000 sq ft of retail space at Meadowlane Shopping Centre.
“The planning application if approved will be positive and important news for the future of Magherafelt.”