To date, L3P has completed three retail park developments:
DOVER Kent – Honeywood Retail Park
Honeywood Retail Park was completed in June 2015, at Whitecliffs Business Park, Dover, Kent, opposite Tesco Extra and Homebase. Detailed planning permission was granted for the 42,200 sq ft in 2014 and B&M Retail Ltd, Pets at Home, Bensons for Beds (Steinhoff) and KFC have taken occupation.
Prior to works commencing on site, a significant ecology programme was undertaken, including the construction of a new badger sett and the relocation of over 160 common lizards to a new home 8 miles away!
The development was pre-funded by Christian Vision (IM Properties).
BURGESS HILL West Sussex – Mid Sussex Retail Park
This 55,000 sq ft (plus garden centre) retail park is occupied by B&Q and Pets at Home and located on the A273 Jane Murray Way opposite Tesco, ot the south of Burgess Hill. Highways improvements were an important part of the development, including the provision of a new access point from the A273. Acquisition of this 3.7 acre site involved the merger of the freehold and long leasehold interests. Consent was granted at application.
The development was pre-funded by Aberdeen Asset Management.
OSWESTRY Shropshire – Penda Retail Park
Originally developed for Focus DIY, Halfords and Carpetright, the largest unit was later assigned to Homebase. Totalling 42,000 sq ft, the 3 acre site was formerly occupied by Furrows Ford main dealer and located on Salop Road, close to the junction with the A5 bypass and within walking distance of the town centre. The scheme is named after King Penda of Mercia!
The development was pre-funded by Merchant Place Securities.