Phase one of the retail development saw Howard Group pre-let c 57,000 sq ft of retail warehousing to the national DIY and home improvement company B&Q.
Having secured the freehold of the land at Interchange from the Southill estate in 2011, B&Q entered into a new 20 year lease, subject to planning. The resultant investment was pre-sold to Highclere Investments and the construction of the building was contractor-funded with RG Carter. The building was handed over to B&Q for fitout in August 2013.
Ampthill Road, Bedford
Phase 1 Value
Value c £11m
Interchange Park is situated in the Kempston area of Bedford, approximately three miles south of the town centre. It lies just to the north of the A421 Bedford southern bypass and to the west of the A6.
The property is adjacent to Bedford’s principal out of town retailing location, the Interchange Retail Park.