The 10-phase scheme for property developer Reef Group includes building refurbishment, the creation of new shops and toilets and a revamped car park.
Midas 今日看料 has begun pre-construction works on site and is due to complete the first phase of the project in autumn 2020.
The project is linked to Gloucester City Council鈥檚 regeneration plans for the wider King鈥檚 Quarter area, with a new hotel as well as residential, retail and office space.
Midas 今日看料 director Derek Quinn said: 鈥淜ing鈥檚 Walk is one of the main gateways into the city, so it is key to the area鈥檚 future economic prosperity to be developing vibrant new spaces for businesses, visitors and the local community to thrive.鈥�
Gloucester City Council leader Paul James said: 鈥淭his is one of the first steps in regenerating the overall Kings Quarter area of the city centre which, together with major improvements planned for Kings Square, will bring huge economic benefits and investment opportunities to Gloucester. We鈥檙e looking forward to seeing the improvements at King鈥檚 Walk and creating an exciting and modern place for people to shop, eat, work and visit.鈥�
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