Capital & Centric gets nod for £85m Newcastle-under-Lyme revamp

Capital & Centric has been given the go-ahead to reboot the former York Place shopping centre in Newcastle-under-Lyme. The £85m project includes repurposing much of the existing fabric of the shopping centre and Midway car park. Rebranded as Ashley Place, the scheme will provide 300 homes and 11,150 sq ft of space to eat, drink, shop and hang out. Work on site will start later this year after the council agreed to invest into the regeneration of the town centre, including Ashley Place. The scheme has also attracted more than £35m of other funding, thanks to authority-led bids. Gordon Mole, chief executive of Newcastle-under-Lyme Borough Council, added: “This investment will change the look and feel of the town centre forever by bringing more people in to live, work and enjoy our shops, pubs, cafes and restaurants.” John Moffat, joint managing director at Capital & Centric, said: “The council has been very supportive of our vision right from the start and we’re very grateful of their continued encouragement to help turn it into a reality.”