Hounds Hill Shopping Centre, Blackpool

The investment comprises a 50% share in the Hounds Hill shopping centre in Blackpool. The property is the major covered shopping centre offer in Blackpool.

A substantial extension is planned with construction commencing in Spring 2006 with a 24 month build programme to completion.The existing shopping centre is well-let at present and the extension will be anchored by a large 95,000 sq ft store for Debenhams.

An existing car park is to be demolished to make way for additional retail units. After completion the centre will have a total rentable area of 32,000 sq m2 with a large number of the UK's major retailers represented in the tenant line-up.