Palatium Investment Management (“Palatium”) has been granted planning consent for the refurbishment and redevelopment of Lloyds Court in Central Milton Keynes. The consented scheme provides 121,180 sq ft (11,258 sq m) of retail and restaurant units, including 5 double height MSUs and a range of smaller units.
Lloyds Court covers a prominent two and a half acre site located at the junction of Secklow Gate and Silbury Boulevard. It lies adjacent to the centre:mk and Intu Milton Keynes, which together comprise 1.65m sq feet (153,000 sq m) of retail and restaurant space making it the 15th largest shopping centre in the UK.
Palatium proposes to rebuild Lloyds Court behind the existing façade, which will be restored and improved through new glazing, lighting and paving. The unit currently occupied by Lloyds Bank will be retained, as will the locally famous Elisabeth Frink Black Horse sculpture and the gold painted post box celebrating Greg Rutherford’s 2012 Olympic Long Jump gold medal. It is anticipated that the works will be complete by Spring 2017.