PPR announces Prospero Lounge open in Stratford-upon-Avon
PPR Estates (PPR) is pleased to welcome Prospero Lounge to our Bridge Street, Stratford-upon-Avon site. This new lease investment by the fast-growing restaurant/ bar chain has taken approximately 6,000 sq ft of the former Laura Ashley store – creating circa 25 new jobs & helping re-generate the town centre. The vacant uppers are also being re-purposed to meet much needed local housing requirements.
Jon Caplan, MD of PPR commented; “The new Prospero Lounge restaurant/ bar lease will bring renewed vibrancy to this keynote space within Bridge Street. We are proud that our long term faith in town centres like this is paying off after the Pandemic & are grateful to the town planners for supporting our vision for this site after the Laura Ashley shop closed in 2020. We are also working on several other similar sites and will be announcing further new leases and acquisitions shortly”.
Our regeneration mission
PPR has considerable further funds to invest in similar site acquisitions this year and beyond. Our strategic aim is to repurpose vacant and under-utilised properties to create thriving mixed-use residential, retail and commercial units whilst balancing Environmental, Social & Governance (ESG) concerns through hands-on asset management and redevelopment. At the simplest level, we create flexible spaces where people want to spend time for living, work or leisure sustainably. This increases land usefulness and all round value.