NewRiver, the new owners of The Forum Shopping Centre in Wallsend have announced a boost for Wallsend town centre regeneration and have disclosed that they have signed a Memorandum of Understanding to work together with North Tyneside Council on the regeneration of Wallsend town centre.
Mayor of North Tyneside Linda Arkley, said, that the Memorandum sets out a positive basis for progress towards implementation of improvements to the town centre which will benefit residents and traders.
However in seperate developments it seems that there will be no new superstore this year (to take the place of the CO-OP store which closed nearly two years ago) after Morrisons declared that they no longer have plans to open a store in Wallsend.
At the time the Mayor said it was disappointing that the opening of the Morrison’s store has been delayed and that the council have done all they can to support Morrisons plans to come to Wallsend, including even considering leasing the upper floors (of the old CO-OP building) for council offices.
The council has also started taking possession of land which will eventually include knocking down the Hedley Place housing estate to allow the remodelling of the Wallsend shopping centre.