'Remove planning clauses from K Village' plea

K Village

K Village

First published in Business The Westmorland Gazette: Photograph of the Author by

THE future viability of K Village could be decided by South Lakeland councillors next month.

A survival plan for the Kendal shopping centre is due to be considered by planners after a period of public consultation ended yesterday.

A planning expert employed by administrators of K Village’s owner, Kendal Riverside, warned that the complex was severely hampered by conditions imposed by the authority eight years ago.

K Village is restricted to being a factory outlet, which means it can only sell seconds and discounted end-of-line goods.

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But administrator KPMG wants the condition removed so the centre can attract a wider variety of retail tenants to improve its viability.

Kendal Riverside, which has had problems attracting and retaining tenants at K Village since it opened in 2010, went into administration late in 2012 with debts of £68m.

Steve Renshaw, of Manchester-based How Planning, told SLDC that ‘obligations associated with the original planning permission are no longer viable’.

In a letter to the planning committee, he said: “The proposals for K Village were developed during the mid-2000s, which was a time when the economic outlook in the UK was significantly more bouyant than at present.”

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He claimed “the scheme as built out would not be viable under present market conditions”.

He added: “It is therefore entirely appropriate that these obligations are removed to ensure they do not represent a financial burden to any potential purchaser of the site.

“The K Village asset has a materially greater chance of being transferred from the administrators to a viable long-term investor if these obligations are removed.

“The removal of the obligations essentially reduces the liabilities associated with the site, making it a more attractive proposition for the purchaser.”

SLDC’s planning committee, which is expected to vote on the survival plan at its September meeting, is also being asked to relieve K Village of its commitment to pay for a bus service to and from the centre and off-site coach parking facilities to help ease its financial position.

Apartments above the retail complex, which include a proportion of affordable homes, are not affected by the application.

Comments (4)

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11:02am Thu 21 Aug 14

Kent123 says...

Delighted that Steve Renshaw, of Manchester-based How Planning states "“It is therefore entirely appropriate that these obligations are removed to ensure they do not represent a financial burden to any potential purchaser of the site."

Perhaps he would also like to consider the "financial burdens" placed on the other businesses in Kendal by the prosed change.
Delighted that Steve Renshaw, of Manchester-based How Planning states "“It is therefore entirely appropriate that these obligations are removed to ensure they do not represent a financial burden to any potential purchaser of the site." Perhaps he would also like to consider the "financial burdens" placed on the other businesses in Kendal by the prosed change. Kent123
  • Score: 5

12:38pm Thu 21 Aug 14

shirtbox says...

The K centre will never be viable as a shopping centre,we went into Kendal town centre on Saturday and the whole place was like a ghost town,the Westmorland centre and the market were deserted,on our way out of town the area near K centre was void of any footfall.It is a sign of the times that town centres are not the place to shop.
The K centre will never be viable as a shopping centre,we went into Kendal town centre on Saturday and the whole place was like a ghost town,the Westmorland centre and the market were deserted,on our way out of town the area near K centre was void of any footfall.It is a sign of the times that town centres are not the place to shop. shirtbox
  • Score: 5

2:19pm Thu 21 Aug 14

larkspur1 says...

There is a shortage of houses.
Surely this place could be renovated into flats and apartments or razed to the ground so houses could be built there.
I agree,as a retail site it is a complete waste of space.
There is a shortage of houses. Surely this place could be renovated into flats and apartments or razed to the ground so houses could be built there. I agree,as a retail site it is a complete waste of space. larkspur1
  • Score: 9

1:19pm Fri 22 Aug 14

Guiy de Montfort L'amaur says...

Housing is probably the only option, high parking charges prohibit people shopping in Kendal.

Guiy de Montfort L'amaur
Housing is probably the only option, high parking charges prohibit people shopping in Kendal. Guiy de Montfort L'amaur Guiy de Montfort L'amaur
  • Score: 7

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