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Retail park full after two new deals

MANSFIELD’S Portland Retail Parkis now fully let after agents completed two new deals despite the difficult economic conditions.

Dunelm Mill, the home furnishings company, has taken 25,000 sq ft in two combined units, while furniture store Harveys has relocated to a 10,000 sq ft store within the park.

Dan Hyde, from the Leeds office of agents Knight Frank, which handled the deal, said: “Portland Retail Park, an excellent 150,000 sq ft development in a prime position in Mansfield, is now fully let. This is fantastic news in a challenging retail property market.

“There is no doubt that the quality of the occupiers, which include Staples, DW Sports Pets At Home and Comet, has helped this success story and the introduction of Dunelm Mill to the line up furthers the reputation of the park in the region.”

The retail park is located at the junction of Portland Street and St Peter’s Way and is next door to Mansfield Town FC.

A new pedestrian footbridge over the inner ring road links the scheme to the town centre and St Peter’s Retail Park.

Ralph Jones, managing director of Peveril, said: We are delighted that the park is fully let and Knight Frank has done an excellent job in this market.

“The footfall generated by Dunelm’s presence will benefit the park as a whole and adds another well known name to Mansfield town’s retail offer.

Mr Hyde added: “Portland Retail Park has proved to be a successful investment in Mansfield and underlines the strength of the town in the regional economy and its growing role as the focal point of retail activity within the North Nottinghamshire area.

“ Mansfield now boasts of having a fully let modern retail park.

“Portland Retail Park compliments other existing retail locations in and around the town such as St Peter’s Retail Park, the Four Seasons Shopping Centre in the town centre and the factory outlet just off junction 28 of the M1 motorway.”

Kevin Fox, an associate in the Sheffield office of national law firm Irwin Mitchell, advised on the deals.

He said this week: “The Portland Retail Park is a significant development for the town and it is extremely satisfying to see that all units now fully let, particularly at a time when the retail property sector is facing so many economic challenges.”

 

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