another community trampled20 Dec 2018 20:35
Property developer Capital & Regional today said it has purchased a third property in Hemel Hempstead and said it now has "effective control of the town centre retail offer".
Capital & Regional said it bought Fareham House in Hemel Hempstead in an off-market transaction for GBP7.8 million, adding the property is adjacent to the Marlowes shopping centre and Edmonds Parade, which it acquired in January and February.
The property developer said it now has the opportunity to consolidate all three into a single dominant town centre scheme, which, in total, would provide 340,000 square feet of retail space and 1,200 car parking spaces.
(Alliance News)