It is exciting times in Faringdon as GSC Estates has commenced development of Phase 2 of Faringdon Park.
Phase 2 follows on from the existing Waitrose, Aldi and Costa scheme that GSC Estates completed in 2017.
The new development, funded by Aviva Investors, will consist of a 3 storey scheme with a 74 room Travelodge hotel above a 15,000 sq ft Home Bargains store. Travelodge is the UK’s first budget hotel brand and currently operates 574 hotels across the UK, Ireland and Spain.
The ground breaking ceremony marking the commencement of construction took place on Thursday 11 July 2019. The Mayor of Faringdon and the Deputy Leader of Oxfordshire County Council broke the ground at the site, marking the commencement of construction. The development programme targets completion in July of next year.
Phase 2 will create a scheme that will generate around 40 full and part-time jobs.
Cllr Bethia Thomas, Cabinet Member for Development and Regeneration at Vale of White Horse District Council, commented:
“The new administration at the Vale wants to see economic growth in these challenging times. We welcome the opportunities this development brings to Faringdon. We’re particularly pleased that funds raised from the developer will be able to go into investment in the town centre. The hotel brings an additional 40 new jobs on top of the new shops that have moved in already – this will attract more visitors to enjoy Faringdon.”
Faringdon’s Town Mayor, Mike Wise, added:
“It’s really exciting to see another first for Faringdon further underlining Faringdon’s importance as a destination. The Town is rapidly growing and new facilities such as this gives more reason for businesses to really consider relocating to our Town. I look forward to watching this development take shape and look forward to coming back here in 12 months time to see it open.”