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fareham shopping centre

<a href="https://completelyretail.co.uk/shops-to-rent/fareham">Fareham</a> Borough Council has purchased the town's shopping centre and a number of adjoining properties for £14.25m from Madone.



The acquisition of Fareham Shopping Centre forms part of the council's wider regeneration programme, which includes £16.7m for Fareham Live and £2.5m to replace a multi-storey car park on Osborn Road.



Fareham Borough Council said the acquisition enables it to "provide stability and reassurance" to tenants, with the aim of working with them and other partners to develop a new strategy for a more vibrant town centre. 



Asset managers RivingtonHark has been appointed by the council to advise on strategic direction and improvements to the shopping centre, whilst day-to-day management will continue to be delivered by Munroe K.



Councillor Seán Woodward, executive leader of Fareham Borough Council, said: “Purchasing the shopping centre presents a unique strategic opportunity for the council to take control of key assets at the heart of the town centre at a time when we are developing a new strategy to transform the current offer and enhance its appeal.   The unprecedented levels of funding we are injecting into this area underline the significance we place on having a vibrant, economically successful town centre and send a clear signal to the market that Fareham town centre remains very much open for business.



“It is important to say that the acquisition will form part of a long-term regeneration strategy for Fareham town centre, and we will work with the businesses that trade there to understand their views around what is required to improve the vibrancy of our town centre."

Fareham Shopping Centre snapped up by council

westquay-soton

westquay soton

Wingstop and Bagel Factory are set to open new outlets at Hammerson's <a href="https://completelyretail.co.uk/scheme/Westquay-Southampton">Westquay</a> shopping centre in <a href="https://completelyretail.co.uk/shops-to-rent/southampton">Southampton</a>.



Signing for a 3,730 sq ft unit on a 15-year lease, Wingstop's new outlet will be its 33rd site in the UK.



Bagel Factory will be taking a 770 sq ft unit on a 10-year lease, and will join a number of other food and beverage offerings at the scheme including Tap and Tandoor, L’Osteria, Wagamama and The Real Greek.



Victoria Broadhead of Bruce Gillingham Pollard, which acted for Hammerson, said: “A vibrant and fresh food &amp; drink offer is an intrinsic part of Westquay and we are constantly looking for opportunities to bring in concepts that complement the shopping and leisure offer across this very successful centre”.



Antonio Ghirarduzzi advised Bagel Factory whilst Braiser Freeth acted for Wingstop.

Westquay Centre welcomes two new F&B outlets

bagel-factory

bagel factory

Bagel Factory is set to make its debut in the south of England with an opening at <a href="https://completelyretail.co.uk/shops-to-rent/southampton">Southampton's</a> <a href="https://completelyretail.co.uk/scheme/Westquay-Southampton">Westquay</a>.



The chain has reached a deal with <a href="https://completelyretail.co.uk/portfolio/Hammerson">Hammerson</a> to open in a 770 square foot venue in the food court, which will become Bagel Factory's third opening in 2023 and its 23rd nationwide.



Bagel Factory was acquired by one of Europe's biggest food operators, Cremonini Group, in summer 2012 in a deal rumoured to be worth around £2m.



Earlier this year, the group said it planned to more than double the size of its estate by 2025.

Bagel Factory set for southern debut

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