Beyond Retail Property Fund Ltd (BRPF) can confirm that it has submitted a planning application to Renfrewshire Council to take forward its proposals to repurpose the shopping centre.
BRPF completed the purchase of the Paisley Centre in November 2020 and announced in January 2021 that an agreement was also in place to purchase the M&S unit on High Street after the retailer confirmed their relocation from the town centre.
The wider investment proposals have been prompted by the Vision for Paisley Town Centre 2030, which envisioned repurposing the current shopping centre to include a new residential quarter and a mixture of retail, leisure & commercial uses, together with outdoor public spaces.
The developer formally submitted a Proposal of Application Notice (PAN) to Renfrewshire Council in August 2021 and has now followed up with submission of the planning application.
For more information, please visit The Vision for Paisley.
Paisley, with a population of 76,000, is the largest town and fifth largest urban area in Scotland after Glasgow, Edinburgh, Aberdeen and Dundee. The site is located in the centre of Paisley, with frontages on High Street, New Street and Causeyside Street.
Paisley town centre is very well served by all forms of public transport. Regular bus services connect the town centre to greater Renfrewshire and beyond. Gilmour Street Railway Station is the fourth busiest in Scotland. Glasgow Airport is currently connected to the town centre via a dedicated bus service from the rear of Gilmour Street Station.
The town centre is home to two shopping centres and one of these, the Paisley Centre contains around 45% of the town centre retail. It is currently under-let.
It is proposed that the redevelopment of the Paisley Centre will be supported by a new mixed-use masterplan for the site through the partial repurposing and redevelopment of the existing buildings.
The new mixed use development will provide facilities including, but not limited to, retail, residential, hotel, healthcare and wellness and educational uses.
We would like to thank you for viewing our proposals and completing the feedback form.
Please note that comments made will be to the prospective Applicant, not the Planning Authority. There will be an opportunity to submit comments to the Planning Authority, Renfrewshire Council, upon the submission of a planning application.
It should be noted that comments made may be used as part of the consultation report lodged with the planning application. Comments made are on the proposal shown. It is not treated as a formal comment on the planning applications itself. This requires to be uploaded to Renfrewshire Council following the submission of a planning application.