These works will help to deliver new retail, office and residential space in the heart of the town centre.
The steelwork has been erected in the courtyard area at Five Valleys and marks the start of this latest project at the town centre development which is scheduled for completion by summer 2025.
This latest programme of work at the centre will create new office and retail units in the space neighbouring Santander and Rough Hands Coffee joining the upper mall, accessed off King Street, with the main mall area.
(Image: Dransfield Properties) Around 2,140sq. ft. of ground floor retail space will be delivered as well as first floor office accommodation of around 2,000sq. ft. which will be accessed from the upper floor of the Five Valleys car park.
The work will also open up space for executive town centre apartments.
The plans represent a further investment in excess of £1.5m – part of the phased £30m programme of works at the centre which has undergone major changes over the last six years.
Managing director at Dransfield Properties, James Shepherd said: “It is great to see this latest phase of work at the centre now underway – continuing the transformation we started in 2018.
“There is a high demand for both office and retail space at Five Valleys just now and the new building is in a great location between the two mall areas.
“The last twelve months has really seen the centre establish and grow in terms of visitor numbers and with new national and local businesses as well as key town centre facilities joining our line-up.
“We’re pleased to be working with local companies to deliver this further enhancement to Five Valleys, creating opportunities for local businesses through the construction phase as well as for businesses to locate and grow here in Stroud town centre.”
