Tuesday, 24 April 2012

£1M CASH INJECTION TO SPRUCE UP FARNBOROUGH SHOPPING AREA

Queensmead is getting a makeover with the pedestrianised shopping area in Farnborough set to benefit from a £1M investment and the the plans include new seating, pavements, trees and a market square.

The Queensmead refurbishment is set to cost £990,000, with £150,000 coming from developers through Section 106 funding. The project will see the council working with Hampshire County Council and liaising with KPI, the company that owns and manages the shops and flats in Queensmead.

The project is part of the wider regeneration of Farnborough town centre, which includes plans proposing more than £250M worth of investment over the next ten years. This is on top of the £150M already invested in The Meads project at the northern end of the town centre.
The first stage of the Queensmead refurbishment is due to begin later in the spring. Work is expected to be completed during 2012/2013.

David Quirk, Director of community and environment for Rushmoor Borough Council said: "We are delighted that Rushmoor Borough Council's Cabinet approved this vibrant scheme, which is a major step towards our vision for Farnborough. The refurbishment of Queensmead will greatly improve the feel of the town centre and make it more pleasant and attractive to shoppers and new businesses alike."

For commercial property advise in the area contact DB Real Estate on either 01276 538300 or 01483 340000

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