FRIAR'S WALK: Timeline

THE story of the Friar’s Walk scheme since 2004.

  • October 2004: we reveal that five companies were battling to build Newport's new shopping centre.
  • April 2005: Modus Corovest (Newport) Ltd chosen as the scheme developers
  • May 2006: Debenham sign up as flagship store and Modus also sign official contract with council
  • February 2007: planning permission granted by the city council
  • September 2007: changes made to scheme to accommodate a second anchor store, later confirmed this was to be Marks and Spencer
  • January 2008: it was reported that Modus had axed contractors McAlpine from the scheme as a cost-cutting measure
  • vApril 2008: Modus gave a reassurance about its commitment to scheme after speculation that a bank had withdrawn its backing for scheme.
  • July 2008: amended plans for a hotel, to meet the needs of a potential operator, received the green light
  • May 2008: property buyers take a major stake in the residential part of Friars Walk, allaying financial fears at that time.
  • September 2008: it is reported that work could begin in the summer of 2009
  • November 2008: there is doubt over residential phase because of slump in housing market
  • March 2009: council says it is continuing to work with developers to find a way forward
  • May 2009: Cllr Matthew Evans warns it was unlikely work would begin on Friars Walk this year and said the time may come when the council has to take a decision about whether it would go ahead.
  • June 2009: Modus Ventures goes into administration.

Comments (2)

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3:32pm Wed 10 Jun 09

zorro says...

I have not read in the Argus that Debenhams would not now be coming to Newport. Some months ago, in the Western Mail, Debenhams stated the towns where their new stores would go, and Newport was not mentioned. I'm not surprised since, with the prices they charge, this is not a Debenhams town. Our flagship store is Wilkinsons or Poundland.
I have not read in the Argus that Debenhams would not now be coming to Newport. Some months ago, in the Western Mail, Debenhams stated the towns where their new stores would go, and Newport was not mentioned. I'm not surprised since, with the prices they charge, this is not a Debenhams town. Our flagship store is Wilkinsons or Poundland. zorro

4:39pm Wed 10 Jun 09

jono port says...

January 2008: it was reported that Modus had axed contractors McAlpine from the scheme as a cost-cutting measure

its been looking dodgy since jan 2008,
come on ARGUS
start asking serious questions instead of accepting everything your told!!
January 2008: it was reported that Modus had axed contractors McAlpine from the scheme as a cost-cutting measure its been looking dodgy since jan 2008, come on ARGUS start asking serious questions instead of accepting everything your told!! jono port

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