M7 Real Estate completed the initial phase of its £3.5M redevelopment and rebrand programme at the 67k SF Vision Retail Park in Hartlepool. Simultaneously, M7 announced a pre-let to Costa Coffee of an 1,800 SF drive-thru unit, which will start construction immediately.
M7 acquired Vision Retail Park in late 2013, and has undertaken an extensive asset management programme to increase occupancy, acquire additional land to enable redevelopment and ultimately to create a modern retail environment. The works have included expansion of the loading areas, re-routing of roadways to improve access and car parking, a complete recladding of the building and the creation of a covered colonnade incorporating highly visible retail entrances.
Vision Retail Park comprises eight units and two kiosks, ranging from 242 SF to 20k SF, with planning permission in place for the subdivision of the larger units, and 356 car parking spaces.
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