Winchester-based Gentian Developments, who have investments across the UK, has successfully completed the purchase of another prominent retail unit on Winchester High Street.
126 High Street is a 6,500 sq ft building which was previously home to Laura Ashley. It is currently entirely occupied by the popular outdoor clothing and equipment brand, Mountain Warehouse, who have leased the premises until 2031.
The property was purchased by Gentian for £2.35m as part of their ongoing investment into Winchester’s retail offering.
Gentian’s Winchester retail property portfolio includes 46 High Street, currently leased to Seasalt and 7-8 High Street which is currently leased to Closs & Hamblin and Rick Stein Seafood Restaurant.
The company firmly believes that Winchester is bucking the national trend and will continue to be a desirable retail destination for many years to come. Director of Gentian Developments, Nick Hanson, said: “We are continuing our investment into Winchester and its future. As a local developer and investor, we want to ensure that these historic buildings in our portfolio remain attractive focal points on our High Street.”