Peterborough project offers garden centres investment aid

The first concessions have been announced at the £25m Peterborough Garden Park scheme, which is being anchored by Van Hage.

Garden Park Investments (GPI) is behind the 9,000sq m of retail space set in parkland, which is due to open this year.

Van Hage has a 25-year lease on a 5,000sq m centre with an 8,000sq m external sales area.

The Peterborough site also features 17 retail units.

Hammond Phillips and Cushman & Wakefield are joint letting agents for the scheme.

Six lettings are to be announced before Christmas.

GPI announced a £50 million investment fund aimed at building a portfolio of garden centres in September.

Early negotiations are understood to be underway with a number of garden centres.

GPI is due to submit designs for a further site in Hampshire to planners this December.

GPI CEO Edward Olley said: "With centres finding it difficult to raise finance for new property investment, it's an attractive way to raise finance."


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