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News - 12/03/2013

The Range signs for retail warehouse in Portsmouth

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On behalf of Hargreaves Properties Ltd, we have completed the letting of a major retail warehouse unit in Portsmouth to The Range.

A new 20 year lease has been signed on a 32,000 sq ft retail unit on Portfield Trade Park in Portsmouth, with The Range opening up a new destination store. This follows a full refurbishment and upgrade of the building, which was formerly occupied by MFI.

The Range expands presence on South Coast

The Range is recognised for its variety, with more than 65,000 quality products across 16 departments including DIY, homeware, furniture, lighting, arts & crafts and garden. The opening of this new store, which is situated on the principle trading estate in north Portsmouth, will further expand the presence of The Range on the South Coast, adding to its existing units in Worthing, Gosport, Southampton and Bournemouth.

Demand for retail warehousing remains high

John Butt, Director in our Retail Agency division, commented: “Demand for retail warehousing remains relatively high, with The Range’s expansion on the South Coast being positive news for Portsmouth as well as the wider region. This letting brings Portfield Trade Park up to full occupation, and follows recent improvements made by Hargreaves to units across the estate.”

Existing occupiers on Portfield Trade Park include Avis Rent-a-Car, Edmundson Electrical, Breeze Motor Group, Plumb Centre, Newey & Eyre Electrical Wholesalers and Graham Group.

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