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Harpur Centre, Bedford – New Acquisition

7th September 2016 Aquisitions

Tellon Capital have acquired The Harpur Centre in Bedford. The property is located in the heart of Bedford within close proximity to the new Riverside North residential and leisure development scheme.

The property comprises a modern covered shopping centre totaling 217,029 sq ft (20,163 sq m) of commercial space situated on a 3.6 acre site. The centre itself houses 4 retail stores, 39 shop units, 3 floors of office accommodation and car parking at basement and upper level. Tenants include Boots, Primark, Pandora and Superdrug.

The purchase offers an excellent opportunity to secure a dominant shopping centre with considerable growth potential. The impending completion of the Riverside Development scheme will increase footfall considerably through the centre (which already has an annual visitor total of 9 million), whilst a reconfiguration of the unit sizes and layouts will reduce vacancy rates and improve the tenant mix.