UK Real Estate - Garden Park Investments looks to build upon success of Peterborough Garden Park

Feb. 26, 2010 - PRLog -- Garden Park Investments, the garden retail destination specialist, is looking to build upon the success of its latest scheme, the 15-acre Peterborough Garden Park in Cambridgeshire, which has witnessed trading levels that have exceeded all expectations since it opened to public acclaim in early February.

The £25 million development, anchored by garden centre operator Van Hage, was 85% pre-let when it was launched to the public on the 5th February.

Gordon Edington, Chairman of Garden Park Investments, says: “The Garden Park concept of bringing together the best in garden centre and lifestyle retailing in a purpose built environment has proved to be enormously popular with both the retailers and the general public.

“The overwhelming response from customers, despite the difficult economic conditions, has proved beyond doubt the massive trading potential offered by our Garden Park model. It is the first time that Le Creuset, Hawkins Bazaar and Past Times have taken space in this type of environment and all of the occupiers are reporting excellent trading figures. We understand the 9,500s.f HobbyCraft unit for instance is already the retailer’s second most successful store in the country”.

Other retailers at the scheme include Cotswold, Cotton Traders, Maidenhead Aquatics, Pets Corner, and Andronicas World of Coffee who have outlets in Harrods and London Excel amongst others. The anchor tenant, Van Hage, occupies a 50,000 sq ft state of the art garden centre with 80,000 sq ft external sales area. The ‘Crystal Palace’ style building includes the largest catering offer in Cambridgeshire, which is already outperforming the firm’s catering facility at its Great Amwell centre which has the largest catering offer in Hertfordshire.

Edward Olley, Chief Executive of Garden Park Investments, comments: “The response to the Garden Park has been tremendous and given the level of expertise our team have now built up, we are looking at further sites around the country and interested in new ideas and retailing concepts that would further complement the Garden Park offer.”

Cushman & Wakefield is the letting agent for the scheme.

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For further information please contact:   
   
Andrew Barber   
020 7197 0178
andrew@revolution-pr.co.uk
www.revolution-pr.co.uk

   
Edward Olley   
edward.olley@gardenparks.com
www.gardenparks.com
www.peterboroughgardenpark.co.uk

   
Digital copy of this news release: www.revolution-pr.co.uk/node/117
Image: www.revolution-pr.co.uk/images/pgp

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