Work Begins On Arcade

Press, Volume CIX, Issue 32072, 21 August 1969, Page 1

Work Begins On Arcade

Work has begun on a new shopping arcade from Gloucester Street to link with Chancery Lane. The arcade, to contain at least six shops, is a $70,000 investment by Chancery Lane Buildings, Ltd.

The chairman of directors (Mr E. W. F. Harrop) said yesterday that the company had bought the two-storey building at 98 Gloucester Street, owned by Meares, Williams, Holmes and Booker, solicitors, about two months ago, for $31,000. A construction company has already stripped the ground floor of the building, and the arcade will run under the second storey, being renovated for the letting of offices. Two new shops will have frontages on Gloucester Street as well as on the new arcade. Vacant land behind the two-

storey building is owned tr Mr Harrop’s company, an. shops will be built on this land. The arcade will then turn into the west side of Chancery Lane, entering at No. 21, between two existing shops. The company bought shops on the western side of Chancery Lane from Fletcher Humphreys, Ltd, about eight years ago, and about two years ago bought the building formerly occupied by N-A.C. on the other side of the lane. “There has been an increasing demand for smaller shops, at a reasonable rental, in the city centre over the last eight years. Chancery Lane has been busier and busier,” Mr Harrop said.