In February 2016 we announced the successful completion of the largest investment in our history following the £13 million acquisition of Newton Abbot's Market Walk shopping centre.
Purchased to enhance the centre of the town and to provide a regular and reliable source of income for the Council, the acquisition of the 91,000 square foot site gives Teignbridge the ability to positively influence the future development of Newton Abbot's central shopping district.
With 27 retail units, which include New Look, Wilko, Edinburgh Woollen Mill, Body Shop, Clarks, Holland & Barrett, Iceland, H Samuel and Bon Marche among others, Market Walk forms an important part of Newton Abbot's retail offering.
The shopping centre sits next to the Teignbridge owned Market Hall and can be accessed from Courtenay Street as well as from Sherborne Road via Market Square and Queen Street. Market Walk's market square hosts outdoor markets on Wednesdays, Fridays and Saturdays that extend through Market Walk to Courtenay Street, which hosts additional produce markets every Tuesday and Friday.
Supported unanimously by Teignbridge's Full Council at its meeting on 8 December 2015, the strategic investment in Market Walk has been made to offset the impact of reductions in government grants. Teignbridge believes the purchase will enable it to reinvest in the town as both a retail and tourism destination centre while keeping tax levels low for local residents.
Having made the purchase Teignbridge aims to work closely with Newton Abbot Town Council, Newton Abbot's Town Development Manager Sally Henley and other retailers to help boost Newton Abbot's appeal as both a shopping and tourism destination.
This page will keep you informed of all updates throughout the project.