The Friarsgate project in Lichfield is a 395,000 sq ft scheme incorporating retail, hotel, cinema, office and residential uses together with car parking. The scheme will provide significant new prime retail space within the city and leasing is already underway.
The development is being undertaken by S Harrison Developments Ltd and Development Securities Plc in a 50/50 joint venture. The development has strong support from Lichfield District Council, has achieved planning consent and the CPO position is secured.
Hark Group is one of the funding advisors on the project.