PROJECT

The land, which is now St John’s Retail Park, was the original headquarters of CAEC Howard in the 1970s and home to the block-making and haulage division. The retail park was developed in the mid 1980s and sold to Schroders REIT in 2015.

St John's Retail Park
The park is home to a number of national UK retailers
  • Location

    Rope Walk, Bedford MK42 0DJ
  • Sector

    11 unit out-of-town retail park
  • End Value

    The project value of these assets is £32m

Development

St John's Retail Park was developed in two phases and extends to 129,452 sq ft. The first phase opened in 1989 and comprises four bulky goods retail units occupied by Homebase, Halfords, Tapi Carpets and Majestic Wine.

A further unit was constructed adjacent to Homebase, which was let to Maplin. The second phase of the park opened in 1995 and comprises six units. These are let to Carpetright, Mothercare, Currys PC World, Wren Living, Hobbycraft and a Costa Coffee drive-thru unit.

Investment

In the years prior to disposal, Howard Group invested heavily in modernising the retail park to meet current retailer standards. A total of £2m was invested in the park to reconfigure units and install modernised fascias and building/estate signage.

This investment secured a number of new tenants and breathed new life into the estate.

History

The sale of St John's marks an important milestone for Howard Group as the site housed the CAEC Howard headquarters in the 1970s, sitting alongside the group's transport, warehouse and garage divisions.

Location

St John's Retail Park is situated just to the south of Bedford town centre on one of the main arterial routes into the centre.

The thriving park is prominently positioned fronting the A5140 close to its intersection with both the A6 & A600 to the west and A603 to the east.