Watford Arches Retail Park
Watford
Hertfordshire
Citygrove negotiated with 23 individual freeholders and leaseholders to bring together this 14-acre site in the heart of Watford. Citygrove also recognised from the outset that the inclusion of a new road to absorb the influx of traffic would be important to obtaining a planning consent. The site was pre-let and forward sold in the depths of the recession in 1992 to AMP (Henderson) for £22.680 million.
Details
Tenants
B&Q, Halfords, Children's World, Currys, Kwik Fit
Size
250,000 sq ft / 23,226 sq m
Completion
1993
Completion
£22,680,000
Annual rental income
£2,250,000
Ownership
Pearl Assurance Pension Fund (Henderson)
Gallery
