Targetfollow acquires Van Hage Peterborough site
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Norwich-based commercial property investment, development and management company, Targetfollow, has acquired Peterborough Garden Park, a 91,598 sq ft retail park anchored by Van Hage Garden Centre and let to other retailers including Cotswold Outdoor, Romans, Pavers and The Works.
The property sits within an 18.5 acre site providing the opportunity for further development.
Built in 2010, with its distinctive architecture and landscaping, Peterborough Garden Park has won several prestigious awards including the Revo Gold Award for ‘Best Out-of-Town Retail Scheme in the UK’ and the Garden Centre Association’s ‘Best Garden Centre - Midlands’, and is prominently located on Eye roundabout, just off of the A47.
Savills advised the seller through a competitive sales process and Carter Jonas advised Targetfollow on the transaction.
This is a significant addition to Targetfollow’s growing property portfolio. With a dynamic asset management approach, they have achieved success with other assets in attracting new retail offers, developing comprehensive activity and events programs, utilising technology and increasing footfall.
Targetfollow CEO, Corin Thoday said: "We are thrilled to announce our acquisition of Peterborough Garden Park and we look forward to working with current and new retailers to develop the site into a top UK retail, social and leisure destination.
"Our team are working hard on exciting plans and initiatives for the site and we will bring our experience and expertise in the retail sector to Peterborough Garden Park to support the traders and help them continue to flourish.”
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