Chelmsford – Army & Navy

Site totalling 1.4 acres on Parkway, acquired for £3.22m in February 2005 for a mixed-use development.

Mixed-use development proposals worked up following a public consultation exercise. Planning for an 81 bed budget hotel, 25,692 sq ft restaurant/retail and 12 residential units approved December 2006.

Development commenced October 2007 and completed December 2008. Lettings concluded of the hotel to Travelodge, of Unit A (4,608 sq ft) to Chiquito, of Unit B (4,250 sq ft) to City Centre Restaurants t/a Frankie & Benny’s and Unit C to Evans Cycles. Recent lettings to Nisbets, Wed2B and Chosen Bun.

Investment sold to Threadneedle Pensions Limited for £11.95m in December 2016.