A multi-million pound plan to reposition The Friary Shopping Centre in Guildford was revealed on Tuesday.
Joint owners’, Westfield and Hermes Real Estate, plans include reconfiguring space to introduce five new large stores which will give the opportunity for multinational retailers to secure a space within the centre.
Ben Tolhurst, asset manager at Hermes says: “By carrying out these works we are opening up the opportunity for leading UK retailers to take modern space within Guildford where they are currently not represented due to the space restrictions of the town centre.”
With Guildford household incomes set at a third above the UK national average, Tolhurst hopes that the centre will continue to attract the affluent shoppers from the Surrey catchment area.
The Friary shopping centre currently consists of three levels with over 60 retailers.
Planning applications have already been submitted and Westfield and Hermes are working with Guildford Borough Council to make improvements quickly.