Property & Construction

Farnborough: Pre-lets secured as retail park building starts

Published by
TBM Team
Steamrock Capital, in a joint venture with Catalyst Capital, has started construction of a prime retail park in Farnborough, after securing pre-lets for the entire space.

The real-estate asset management firm said six units at the park, Horizon, will be occupied by home furnishing and craft retailers, Sofology, Wren, Oak Furnitureland, Harveys, Tapi and Hobbycraft.

Lease lengths are typically 10 years and the average rent is £35 per sq ft. Completion of the park is scheduled for September 2017.

Located on the edge of the town, opposite the existing Solartron Retail Park, Horizon comprises 79,760 sq ft of ground and mezzanine space and 228 car parking spaces on a four-acre site.

Letting agent for the development was Morgan Williams.

Source: CoStar

 

TBM Team

Recent Posts

Magnificent 7: Science and Tech Companies in the South Coast region

The South Coast Tech & Innovation Awards are back for another year, and nominations are…

8 hours ago

Do you know the Commercial Landlord of the Year?

The Thames Valley Property Awards are back, and with the nominations process in full swing…

9 hours ago

Fastest expansion of construction output since February 2023

Business activity growth gained momentum across the UK construction sector in April, largely due to…

13 hours ago

Soil Association among first users of Good Energy’s power matching platform

Bristol environmental charity The Soil Association has signed up to a new way of sourcing…

18 hours ago

Coventry’s EcoTech acquires Home Valet Company

EcoTech (Europe), a specialist cleaning product manufacturer, has acquired Home Valet Company. Home Valet develops…

18 hours ago

Evesham motor vehicle students pick up career tips from Listers

Motor vehicle students at Evesham New College in Worcestershire were visited recently by representatives from…

18 hours ago