Page 5 - RNT-C06
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The HISTORY of REDDITCH New Town



       sales. It was Intended that the structure would be capable of various subdivisions to suit
       the changing needs of the shopkeepers.

       The Town centre - The Legacy…..



       The Kingfisher Centre, was largely financed by private funds, and when opened in the
       1970s, was one of the Midland’s largest covered shopping centres, with leading chain
       stores such as British Home Stores, Marks and Spencer, Tescos, Sainsburys and Owen
       Owen.

       In  2014  it  has  over  130  retail  units,  an  average  weekly  footfall  of  185,000,  965,000
       residents in immediate catchment area who on average visit 2.5 times per week.
       Five multi-storey car parks provide a total of 2,810 spaces in the Town Centre linked
       directly with the shopping malls, and the bus and railway stations are adjacent to the
       complex.
       In 2012 it was bought by Capital & Regional and Oaktree Capital Management for a price
       in the region of £130 million.  Capital & Regional and Oaktree Capital Management are a
       specialist retail property company already running a shopping centre in Lincoln as well
       as others under The Mall brand in Luton, Blackburn, Norwich and London. It also owns
       four of The Junction branded retail parks across the country and 22 hypermarkets, DIY
       and furniture stores and 27 other properties in Germany.

       The  Redditch  Ringway  provides  access  to  most  parts  of  the  town  centre  although  its
       signage is often criticised.  Many see the Ringway as a “Concrete Collar” dividing the town
       centre from the rest of the town and questions are constantly raised about road signage
       leading to the claim Redditch is hard to navigate.

       The remaining areas of older Redditch in Unicorn Hill, Church Green, Market Place and
       Alcester Street still provide retail and commercial properties although like many towns,
       are dominated by charity shops, cash outlets and estate agents.

       Most  office  accommodation  in
       Redditch  is  situated  in  and
       around the town centre. Offices
       include Cannon Newton House,
       Kingfisher        House,         St.
       Stephen's,  Grosvenor,  Royal
       and  Threadneedle  Houses,
       although      the     latter    has
       remained  empty  for  many
       years since government offices
       moved out.

       The  first  floor  would  be
       available  for  sales  and/or
       storage       to      suit      the
       requirements           of       the
       shopkeeper.
       The  market  would  be  moved
       nearer to the main shops to a







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