Nicholson Estates - Mixed-Use Development - Farnham, East Street

Date: 08 Nov 2002

Nicholson Estates and Sainsbury’s Property Company have been selected by Waverley Borough Council for the 6.09 acre (2.47 ha) East Street Regeneration Project in Farnham town centre.

Beating off competition from six other shortlisted bidders, redevelopment plans submitted by the Nicholson Estates and Sainsbury’s Property Company’s joint venture comprise 22,640 sq m (243,700 sq ft) of retail, leisure and office accommodation plus over 300 apartments.

The scheme includes:
•A new 22,000 sq ft (2,044 sq m) Sainsbury’s store
•Residential: 338 apartments including 106 affordable housing units
•Car Parking: 400 public car parking spaces
•The scheme also covers the replacement of existing community uses.

Terry Prescott of Nicholson Estates, comments:
“The East Street area has enormous potential for a successful, mixed-use urban redevelopment. Our scheme creates a natural extension to Farnham town centre and provides an attractive and vibrant environment in which to live, work, shop and relax. We are looking forward to working closely with the both Waverley Borough Council and the local community over the coming months to add further detail to the scheme.”

Anthony Shapland of Sainsbury’s Property Company adds:
“Sainsbury’s has a huge reservoir of experience of town centre regeneration, and we are ready to put it into practice on this important project in Farnham. In addition, this is another example of Sainsbury’s Property Company’s growing track record of effective partnership in major, mixed-use regeneration projects.”

DTZ Debenham Tie Leung is advising Nicholson Estates and Sainsbury’s Property Company while Cluttons is advising Waverley Borough Council. The scheme was designed by Scott Brownrigg & Turner.

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