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Llanelli's St Elli Shopping Centre ready to expand?

By South Wales Evening Post  |  Posted: December 18, 2013

Llanelli's St Elli Shopping Centre ready to expand?
Comments (6)

SPECULATION is mounting over potential expansion plans for Llanelli's St Elli Shopping Centre.

Since new owners NewRiver Retail bought the centre in a near £30 million deal earlier this month, rumours have circulated about a possible expansion.

It is believed that NewRiver has expressed an interest in the Stepney Precinct area — one of the gateways to the centre.

But this has not been confirmed by NewRiver or Carmarthenshire Council.

A spokesman for retail investment specialist NewRiver said that the company had been working in conjunction with the council, retailers, and stakeholders to "enhance" the centre.

And the council's head of corporate property Jonathan Fearn said: "We have met with NewRiver and welcome them as the new owners of the St Elli Centre.

"We are supporting them in their promotion and investment of the centre, and are discussing ways in which we can work together for the benefit of the market and its precincts."

Allan Lockhart, property director of NewRiver Retail, said: "We are very pleased to have acquired a high performing major food-anchored shopping centre."

He added that it would provide NewRiver with "sustainable and attractive cash on equity returns" and "excellent prospects for capital returns through pre-identified asset and development management initiatives".

NewRiver was unable to comment further at the time of going to print.

Hailed as good news for the town, St Elli Shopping Centre manager Andrew Stephens talked positively about the centre's new owners.

He said: "It's very positive — it's good news for the centre and it's good news for the town.

"The centre has been sold for just under £30 million and the new owners are very proactive in looking at shopping in the town."

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6 comments

  • RosemaryBush  |  December 19 2013, 1:49PM

    Your comment about expensive parking. Llanelli doesn't have expensive parking compared to Swansea car parks. But that's another story.

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  • Scroggins  |  December 18 2013, 9:53PM

    I'm disabled Rosemary so how do I use this shopping trolley on wheels? But that is immaterial the point is Thomas Street is too far from the town centre, people will just use Trostre. I'm not quite sure what Swansea has to do with anything, the letter and my comments are about Llanelli.

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  • RosemaryBush  |  December 18 2013, 8:07PM

    Scroggins - Just get a shopping trolley on wheels and stop moaning. Thomas Street is not that far from Vaughan Street and the precinct. There are very few car parks in Swansea that you can walk straight out of your car and straight into a shop and for parking all day you are looking in the region of £5+.

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  • Scroggins  |  December 18 2013, 4:52PM

    Thomas street, right out of the way of the shops which means you have to lug all your shopping back to the car every time your bags are full. Less than a mile away in Trostre there is acres of free parking for you to easily access any of the multitude of shops there - and we wonder why Trostre is busy and town centre is empty!

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  • RosemaryBush  |  December 18 2013, 3:31PM

    Scroggins - expensive parking? You are having a laugh. I paid £1.60 for all day parking in Thomas Street car park on Saturday. In Swansea you pay that for just 2 hours.

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  • Scroggins  |  December 18 2013, 11:12AM

    What absolute tosh. We have been hearing how wonderful the St Elli centre would be ever since they suggested building it. Result was it was never at full capacity. We now have another development called Eastgate which was touted as being wonderful for the town etc, result still not all the units occupied no matter how many pubs and rugby shops you cram into it. The only thing that will rescue Llanelli is to bring the people in to the town and for that they need to go there without having to run the gauntlet of narrowed roads, 20mph speed limits, speed bumps and expensive parking. Cars contain people - keep them out and you keep the people out!

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