Fosse Shopping Park

Fosse Shopping Park is one of Britain's biggest out-of-town shopping parks and it is situated in Enderby parish, in Blaby district, on the southern edge of the city of Leicester, England.[1]

The retail park is in an area of mixed industrial and commercial development, about half a mile from Junction 21 of the M1, where it meets the M69. Junction 21 also connects the M1 with the A5460 (Narborough Road), from the centre of Leicester, and Leicester's main ringroad, the A563.

History

London & Edinburgh Trust opened Fosse Park in 1989, the 265,000 sq ft (24,600 m2) development contained 12 retail warehouses, including Marks & Spencer as an anchor store.[2] In 1996 Castlemore Securities bought an adjacent factory from the shoe manufacturer and retailer, the Oliver Group, for £25m and obtained a restricted planning consent for Fosse Park South.

In 1997 Pillar Property bought Fosse Park South for £52.5m from Castlemore and the original Fosse Park from SPP (the Swedish pension fund that owns LET) for £60m, thus uniting both halves of the park to create a 416,536 sq ft (38,697.5 m2) investment valued at £205m a year later. In 2004 Pillar attempted to sell Fosse Park, but withdrew when its £320m valuation was not achieved. In 2005 Reit Asset Management bought Fosse Park for £308m, while Pillar's had valued it at £350m. In 2006 Irish investors bought Fosse Park for £360m before placing it on the market once again in 2010.[3]

When opened in 1989, Fosse Park commanded an average rent of £11/sq ft. As of 2010. this has risen to £105/sq ft, higher than any other retail park in the UK.[2]

Stores

Below are just a few of the many stores,
As of January 2014 ;
Clinton Cards, Costa Coffee, KFC, BHS, Boots, Clarks, Gap, Marks & Spencer, Next,
SportsDirect.com, The Carphone Warehouse, W H Smith, Argos Extra, Currys, DFS, Harveys, PC World

Harveys contains a Bensons for Beds department.

Transport

Fosse Shopping Park is serviced by bus routes operated by Arriva Fox County, Centrebus, Hinckley Bus and Travel De Courcey. [4]

References

  1. ↑ "Out-of-town shopping park to change hands for £360m". The Times. 20 January 2006.
  2. 1 2 "What’s all the fosse about?". Property Week. October 2010. Retrieved 17 May 2011.
  3. ↑ "Fosse Park shopping centre for sale at £360m". This is Business. 25 June 2010.
  4. ↑ http://www.fosseshoppingpark.co.uk/information/

External links

Coordinates: 52°35′53″N 1°10′44″W / 52.598°N 1.179°W / 52.598; -1.179

This article is issued from Wikipedia - version of the Friday, August 21, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.