Wednesday 25th July 2007: HENRY BOOT EXPANSION PLANS AT BAGLAN BAY RETAIL PARK, PORT TALBOT, SOUTH WALES
Henry Boot Developments Limited has acquired land allocated for the second phase of Baglan Bay Retail Park from Hammerson for £1.8m where it plans to develop four retail units. These will enhance the existing park which already houses Lidl, Focus DIY and KFC, and is adjacent to a Morrisons food superstore.
The development will occupy a prominent position fronting Afan Way (A4241), the Peripheral Distributor Road dual carriageway which aids the flow of motorway traffic between Junctions 38 and 41 of the M4.
Laurence Edwards, Director of Markham Vaughan Gillingham, commented: "We have already exchanged pre-lets to Dreams and Halfords, who are each taking units of 5,000 sq ft and we have strong interest from other occupiers in the remaining 17,620 sq ft."
Development is to commence on site in Autumn 2007 with the anticipated completion of the units in Summer 2008.
Markham Vaughan Gillingham acted on behalf of Henry Boot Developments in the purchase of the land and will also be advising on the letting of the units in conjunction with Calan Retail. Hartnell Taylor Cook acted for Hammerson in its sale of the land.
For further information on the scheme, please contact Laurence Edwards or Michelle Humphreys of Markham Vaughan Gillingham on 0117 909 9000, or Phil Williams of Calan Retail on 02920 373933.