Castleford Tigers New Stadium Update

Castlefords Five Towns stadium5
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8 March 2019

The Lateral Property Group have provided an update on plans for a new Castleford Tigers Community Stadium outlining progress so far, announcing retail contracts and forecasting the opening in early 2022.

Here are some excerpts from the update:

• In August 2018, following the public consultation, we submitted our reserved matters planning applications for highways, infrastructure, the community stadium, country park and the retail development and we expect that they will all be determined by Wakefield Council’s planning committee on 14 March. We are pleased to confirm that there have been no objections, all statutory consultees are supportive and we understand officers are providing members with a recommendation to approve.

• More than £30million has now been spent on the project including freehold acquisition of the land, on enabling utility diversion works and on funding a team of over 100 development professionals and consultants over a six-year period.

• Key to the value creation necessary to draw down development funding is leasing and we have made excellent progress in the last few months. 300,000 sq ft (almost 55% of total retail floorspace) is now under legally binding contracts to major international brands. M&S, Primark, Next and Boots remain committed as key anchors to the project and we can now announce the signing of H&M, Mango, JD Sports, New Look and Watches of Switzerland for regional flagship stores.

• Be assured we are doing all we possibly can to start on site at the earliest opportunity. Our target, allowing for

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