Bunhill: Arcades are back
Sunday 30 October 1994
Mr S speaks with authority. His private company, Arcadia, has three of them, all Victorian, all in unlikely cities - Cardiff, Stirling and Walsall, for God's sake. Worse than Manchester, as the Queen might have put it.
London Merchant Securities, Lord Rayne's property company, is sufficiently impressed to be backing Mr S to the tune of pounds 14.5m. It's rather a heartening story since it's all about the return to the City Centre, the promising future for small shops, and all that sort of stuff. What's more, it appears to be true.
Mr Smith cottoned on to the idea in the late 1980s as a counter-cyclical reaction when out-of-town shopping malls were all the rage. 'Arcades looked like a good way of providing space for small independents. We don't rely on the multiples but on shopkeepers of every description.
'Of course they vary. In Walsall we've got lots of convenience shops, while in Cardiff the arcade appeals to the fashion-conscious.'
Perhaps Mr Smith could ask Alan Bennett to open the next one: one of his most moving TV appearances was a visit to the arcade in Leeds where his father used to sell wooden toys.
- 1 Planes go hybrid-electric in important step to greener flight
- 2 Antonio Martin shooting: Police and protesters clash over teenager's death just five miles from Ferguson, Missouri
- 3 British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...