The 195,000 sq ft outlet village near Cheltenham will be opened in two phases
Cheltenham-based developer Robert Hitchins Ltd and European outlet operating company ROS Retail Outlet Shopping have unveiled plans for Designer Outlet Cotswolds to be built at junction 9 of the M5 motorway in Gloucestershire.
The 195,000 sq ft outlet village will be opened in two phases and will feature 90 retail units, restaurants and cafes. Construction is due to start on site in autumn 2020 with the first phase expected to open towards the end of 2021.
The scheme is part of a wider retail development, which includes a new 81,800 sq ft garden centre, alongside an existing M&S supermarket, Starbucks and BP petrol filling station. A planning application for 850 homes, school and local centre to the south has also been submitted and is awaiting determination.
Thomas Reichenauer, co-founder and managing director of ROS Retail Outlet Shopping, said: “With our specialism in designer outlets across Europe, and our in-depth knowledge of different markets, we see tremendous potential for the UK retail sector. This is especially true for outlet shopping which has been bucking trends in the UK for several years generating significant interest amongst top brands and customers in the concept. Having been founded in 2011, we’re a young company but with a team that brings experience, expertise and track-record built up over many years.”