Holloway Iliffe & Mitchell secures Subway for final Rowner retail unit

As part of the wider Rowner regeneration project, the final retail unit at the new 40,000 sq ft Tesco superstore on Grange Road has been let to SUBWAY®. The new outlet opened yesterday (7th November), joining Costa Coffee and Jaffer’s Pharmacy which opened earlier in the Summer.

Portsmouth commercial property consultants Holloway Iliffe & Mitchell completed three of the four transactions with Costa Coffee taking a double unit and Subway agreeing to lease the final space, adding to the outlet it opened in Eastleigh a couple of months ago.

The overall regeneration project has been undertaken by the Rowner Consortium and when finished will comprise 700 new homes ranging from one bedroom apartments to four bedroom houses, phase 1 of which is now nearing completion and phase 2, the commercial area and apartments are due for occupation in early 2014.

Commenting on the scheme, Tom Holloway, Agency Director at Holloway Iliffe & Mitchell said: “The generation project has made a huge difference to Rowner and the opening of Tesco earlier in the year has given the area a real boost.

 “The letting of the final unit to SUBWAY® has really demonstrated the improved confidence retailers are beginning to feel about the economy and the interest in these units was fantastic, resulting in all four being signed up in just a matter of months.”

Mark Bradley, Regional Development Agent for the SUBWAY® brand in East Sussex, West Sussex, Hampshire and the Isle of Wight, commented: “We’re delighted that the first phase of the development at Rowner is now complete with the completion of the new SUBWAY® store.

“The wider regeneration of the local area has created hundreds of new jobs for the local community and we are proud that the SUBWAY® brand is part of that.”

Casey Baldwin, SUBWAY® Franchisee for the new store, said: “As a local businessman, it’s an exciting project for me personally to be involved in; it’s a real positive change for Rowner and the local people living here.

“We’re looking forward to opening the new store very shortly and welcoming members of the local community in to try their favourite SUBWAY® Subs and Flatbreads.”