The Haverhill Retail Park was sold to Barsham Securities Ltd, a Beccles-based private property development and investment company in early 2020.
We had owned the site, which was previously home to the Project Office Furniture Group, since 2007. Over the years plans had been approved for an out of town retail park with industrial/manufacturing accommodation to the rear, but it was 2015 before sufficient interest from national retailers was secured to commence development. The estate, along with the adjacent site sold to Lidl in 2015, created circa 150 jobs and brought new life to the high-profile parcel of land.
At the time of sale the retail park offered in excess of 27,000 sq ft of high-quality retail accommodation with large landscaped parking areas. It was fully-let to leading national brand operators Pets at Home, Home Bargains and Pure Gym, and offered a sound long-term investment for the new owners, whilst also contributing a much-needed boost to the existing retail offering in Haverhill, which has historically suffered from customers travelling to neighbouring towns to shop.
As part of the original planning consent Howard Group funded a new pedestrian crossing on Ehringshausen Way as well as gifting a parcel of land to the St Edmundsbury Borough Council to extend the county wildlife site, alongside the old Haverhill railway line.
Howard Group also secured an outline consent for employment uses on a further two acres to the rear of the retail park. This has been retained by Howard Group and is being actively promoted to potential occupiers in a bid to bring further jobs and investment to the town.
Location
Ehringshausen Way, Haverhill
Programme
Completed August 2017
Value
£8m
Howard Group
93 Regent Street
Cambridge
CB2 1AW
01223 312 910
