Watford, Hertfordshire
Woodside Leisure Park
Citygrove acquired the site from Watford Borough Council on a 125-year lease. Citygrove had to decontaminate the site which had been previously used as a domestic rubbish tip. This involved the removal of one million cubic metres of domestic waste.
The leisure scheme was pre-let and pre-sold in 1998 to Legal & General Pension Fund for £13.1 million.
Tenants
Warner Brothers - Vue, Hollywood Bowl, David Lloyd, City Centre Restaurants
Size
125,000 sq ft / 11,613 sq m
Completion
1997
Value on completion
£13,100,000
Annual rental income
£1,200,000
Ownership
Legal & General Pension Fund