It was bought for its large land coverage and development, and asset management potential.
Since acquisition, the retail park has been comprehensively refurbished to include new frontages, carpark resurfacing and common parts.
We have created over 45,000 sq. ft. of new retail and leisure accommodation which has been prelet to M&S, Tapi, Maplin, Costa and Greggs as well as new lettings through asset management initiatives to DFS, Oak Furniture Land and Poundworld.
Acquired in 2011 for £31.8m, projected end value £54m.
Acquired investment at a competitive price in 2011.
Secured Food Retail consent for 35,000 sq. ft. on surplus land.
Redeveloped and redesigned the main car park to incorporate additional Retail Units which were let to Maplin, CostaRead More