Farnborough: Pre-lets secured as retail park building starts
5 March 2017
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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
