A LEADING real estate company has revealed plans for a seven figure investment in a Hartlepool retail park.
Up to 50 jobs could be created thanks to London-based company M Seven which has bought the Highlight Retail Park, off Marina Way. Bosses said they committed to Hartlepool after they were impressed when they attended the launch of the Hartlepool Vision proposals. They described the town’s proposals for a brighter future as exciting.
Their proposals include a plan to re-name the retail park. M Seven also plans to channel money into a major refurbishment and wants to extend the 65,000 sq ft shopping area.
The major development is expected to start this autumn and be completed early next year. Bosses say the new look will include a “major upgrading of the entire terrace frontage” as well as landscaping and improvements to the car parking area.
M Seven’s investment comes after the company’s bosses went to the launch of the Hartlepool Vision which is a radical new blueprint to revitalise the centre of Hartlepool.
Bosses said they were so impressed that they wanted to be a part of the town’s future.
The marina area where the retail park is based is among eight key areas of the town earmarked in the Vision as the focus of work to breathe new life and bring new jobs into Hartlepool.
In a further endorsement of the Vision, M Seven will rebrand the Highlight Retail Park as the Vision Retail Park.
M Seven asset manager, Stewart Smith, said: “We attended the launch of the Hartlepool Vision in January and were very impressed by what we heard, so we had no hesitation in committing to this investment in the Highlight Retail Park.
“The Highlight Retail Park will be transformed, creating one of the best shopping experiences in Hartlepool. It reflects our confidence in the Vision and in the exciting future of the town.”
Hartlepool Council leader, Coun Christopher Akers-Belcher, said: “I am delighted to welcome M Seven to Hartlepool – it’s a clear example that the Hartlepool Vision is already starting to happen.
“Hartlepool is very much open for business and we look forward to working with residents, businesses and landowners to make our bold aspirations for Hartlepool a reality.”
The Hartlepool Vision was first revealed to business people and residents in meetings held earlier this year. They heard that 2,000 jobs could be created through the proposal.
Eight key areas are part of the campaign to breathe new life and jobs into the town. They are the town centre, Jacksons Landing/Trincomalee Wharf and the marina, Church Street, Seaton Carew, the Headland, Wynyard, the Port and Queens Meadow.
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