Portsmouth’s Pompey Centre 98% occupied after Redevco lets 10,000 sq ft of space

The Pompey Centre in Portsmouth is now 98% occupied after scheme owner Redevco let 10,000 sq ft of space at the retail park.

Restaurant chain Nando’s and outdoor living specialist White Shores have both signed at The Pompey Centre, which Redevco said highlights the success of its wider retail park portfolio. Additionally, existing occupier Easy Bathrooms recently completed a refit of its store at the scheme.

Redevco acquired its £518m UK retail park portfolio in 2024, a major milestone in building one of the largest retail park asset management platforms in Europe. Redevco’s retail park portfolio now sits at a value of around €5.5bn (£4.6bn) with around 190 assets under the group’s management across the UK, Belgium, France, Germany, Spain, and Portugal.

Across the group’s UK portfolio, multiple well-known brands have recently signed 10-year leases. At Euro Retail Park in Ipswich, Oak Furniture Land opened in a 10,000 sq ft unit, while Mountain Warehouse signed for a 9,342 sq ft unit at Gapton Hall in Great Yarmouth. Elsewhere, Wren Kitchens committed to a 10,001 sq ft unit at Gravesend’s Imperial Retail Park.

Josh Tyler, senior asset manager at Redevco, said: “We are confident that these new arrivals will further strengthen the consumer appeal of The Pompey Centre, which is now 98 per cent let.

“The run of lettings shared today is indicative of a wider positive picture, which is being mirrored across our European holdings. With offers now received from prospective tenants on every remaining vacant shop unit across our UK retail parks, there is clear confidence in the sector and in our well positioned and managed portfolio.”

CSP Retail and Green Lane Real Estate are the letting agents across Redevco’s UK retail park portfolio.