Published: 23rd Jul 2018

A planned regeneration scheme in Macclesfield has been shelved due to ‘ongoing challenges in the food and beverage sector,’ A cinema, food, drink and retail space were all planned for the site on Churchill Way, which was subject to a conditional land sale between Cheshire East Council and Ask Real Estate. The project was set to open in 2020. It is not the first time a similar scheme has been cancelled in the town. In 2015, a planned £90m redevelopment of the town centre by Wilson Bowdon was scrapped after being in development for over ten years. A spokesperson from Ask said: ‘Despite the positive attributes of Macclesfield as a location, given the significant downward shift in the food and beverage sector nationally, we have decided not to proceed with our Macclesfield scheme. ‘We have not taken this decision lightly. However, with investor sentiment pushing down pricing in the sector which is … (To read the full article, subscribe below)