Following its purchase of Greywell Shopping Centre in 2012, Havant Assets Ltd has invested in the Leigh Park precinct and many of the empty units have now been revamped and new tenants found.
Commercial property agents, Holloway Iliffe & Mitchell and Osmond Brookes have let five units in recent months:
· 626 Cars has taken Unit 39a. The taxi firm was previously based in Havant and has moved to Greywell as the business continues to expand
· Existing newsagents, The Kiosk News, opted to expand its operation by moving into Unit 43
· Bedroom furniture, Beds R Us, has just taken a 12 month lease, with options to extend, on Unit 11 of 1300 sq ft.
· Vintage furniture outlet, New 2U, has also taken a three year lease on the 550 sq ft Unit 57
· Ecigs retailer, Vapor–Z, has taken Unit 26 of 350 sq ft for nine years
In addition to these transactions, South Downs College has renewed its lease on its site rather than moving to a new location, taking a new 10 year term.
Commenting on the recent transactions, Tom Holloway, Director of Holloway Iliffe & Mitchell said: “The new owners have made great progress in refurbishing many of the common parts at Greywell which has had a positive effect on businesses looking for local availability. Over recent weeks interest in the few remaining units has continued and we feel confident that much of the centre will be occupied before long.” Joint agent Jeremy Braybrooke of Osmond Brookes added: “We have a further three lettings and a number of lease renewals in solicitors hands so will hopefully have more good news to report shortly.”
Mr Marli, who opened a new furniture shop at the shopping centre said: “We were looking for good value space on flexible terms and Greywell offered everything needed. Its central location and local support has given us an encouraging start to our tenure and we look forward to a prosperous future.”
Nigel Watson of asset managers Sinclair Clark-Allegra who manages the shopping centre added: ”When the owners acquired Greywell they felt it had potential to become a thriving local shopping precinct. Their initial investment in refurbishing the common parts has been welcomed by tenants and shoppers like and further upgrading will take place in 2014.”
