|
Work on a new £64 million shopping centre in Fareham is set to begin early next year, it has been revealed.
Developer British Land has confirmed that over half of the 300,000 sq ft floor space has already been pre-let, with Marks & Spencer and Next among those signed up to the project.
Upon its completion in spring 2013, the Whitely Shopping Centre will be home to more than 50 retail units spread out over 242,000 sq ft, 58,000 sq ft of restaurants, cafes and other facilities and 1,136 free car park spaces.
Charles Maudsley, head of retail for British Land, said: "British Land will concentrate on developing mid-sized, urban retail schemes like Whiteley and leveraging our ability, experience and financial strength to create incremental value.
"We have the right strategy to develop successfully and exploit future demand for the right space."
Designed by architect Corstophine and Wright, the shopping centre will also include high-street giants such as Boots, JD Sports, Starbucks, H & M, Sports Direct, Frankie & Benny's and Bank.
|