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Covent Garden set for £40m expansion plan

London's Covent Garden is to get an additional 85,000 sq ft of retail space after a £40 million development was approved.

The scheme, due to completed in 2009, is a joint venture between property group Shaftesbury and livery firm The Mercers' Company.

The site will add about 30 shops, restaurants and cafes to a block between Long Acre, Upper St Martin's Lane and Mercer Street.

Shaftesbury director Simon Quayle said the scheme would complement the area's existing stores. "It won't be typical high street names. We want to get a mix of well-known brands and independents." Units at the scheme will range from 250 sq ft to 5,500 sq ft.

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