South Coast property consultant Holloway
Iliffe & Mitchell has recently completed the letting of three retail units
on North Street Arcade in Havant to Grastar Restaurants which, following change
of use permission being granted, plans to open a new modern Mediterranean
restaurant on the site. This follows the
complete refurbishment of the neighbouring Domino’s Pizza outlet which Grastar
reopened earlier in the year.
Over the last two years Havant town centre
has seen significant regeneration and plans for the further redevelopment of
Market Parade to provide apartments, shops and restaurants have also been
welcomed by local residents and businesses alike.
The North Street units are owned by Surrey
based property and investment company Malins Group which has continued to invest
in its portfolio across the South Coast as confidence in the economy has
improved and occupiers are more committed to retail space.
As it prepares to open its new restaurant, Graham
Perrin of Grastar commented: “It’s an exciting time for us as we have watched
the redevelopment of many parts of Havant over the last year and North Street
is becoming more popular. We are
confident that now is the right time to open a new quality restaurant in the
town and look forward to welcoming our first diners in the next few weeks.”
Commenting on the new tenants moving into North
Street, Holloway Iliffe & Mitchell surveyor Luke Mort, who also manages the
units, said: “The Malins Group has a strong and varied portfolio of properties
across the South Coast. With new tenants in North Street, this is beginning to
bring benefits to the Arcade as well as the wider town as the longer term
regeneration continues.”
