Nelson Bakewell - Mixed-Use Development - Feltham, The Centre

Date: 19 Jan 2004

Thornfield Properties plc today took a step closer to its major regeneration plans for Feltham, when it announced the purchase of The Centre in Feltham from GE Real Estate for £10.25m.

The Centre, a mid-1960’s mixed-use retail and office scheme currently forms the heart of Feltham Town Centre in Hounslow, the whole of which is to be comprehensively re-developed by Thornfield in conjunction with the London Borough of Hounslow. This £90m project will be seen as one of the most innovative town centre regeneration schemes to be carried out by a developer in London, to date.

Thornfield’s new scheme proposals are to include: -

• 250,000 sq ft of retail to be anchored by Matalan.
• 80,000 sq ft ASDA Wal-Mart store.
• 12,000 sq ft A3 units
• Over 800 new homes in a mix of private and affordable ‘key worker’ tenures
• 115 bedroom Travel Lodge hotel
• 22,000 sq ft NHS Medical Centre
• 15,000 sq ft of new offices
• 18,000 sq ft Council Library and Community Centre
• 4,500 sq ft Day Nursery
• Over 700 shopper’s car parking spaces.

With over 80% of the retail space already pre-let, Thornfield are working towards a start on site in the spring of this year.

Jason Marcus, Chief Executive of Thornfield said “this is a tremendous opportunity for us and fits in with our overall development programme and strategy of delivering workable and viable regeneration solutions for the most complex of town centre development circumstances”.

Nelson Bakewell acted on behalf of GE Real Estate. Nelson Bakewell have also been retained as managing agents as well as joint letting agents with Gooch Cunliffe Whale.

The Centre, Feltham

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