AN ‘EYESORE’ shopping centre is on the up after a huge investment from its new owners.
Greywell in Leigh Park lived up to its name with rundown and empty shops, with broken facades and nowhere for children to play.
But Havant Assets, which bought the centre in 2012 revamped many of the empty units and new tenants have been found.
Businesses to have moved in include 626 Cars, Beds R Us, vintage furniture outlet New 2 U, and Vapor-Z, which sells e-cigarettes.
South Downs College has also taken a new 10-year lease while Kiosk News has moved to a new, larger unit.
Tom Holloway, of Holloway Iliffe & Mitchell, which let the premises, said: ‘The new owners have made great progress in refurbishing many of the common parts at Greywell, which has had a positive effect on businesses looking for availability.
‘Over recent weeks interest in the few remaining units has continued and we feel confident that much of the centre will be occupied before long.’
Sukh Marli, from Beds R Us, said: ‘We were looking for good value space on flexible terms and Greywell offered everything needed.
‘Its central location and local support has given us an encouraging start to our tenure and we look forward to a prosperous future.’
And Nigel Watson of asset managers Sinclair Clark-Allegra which manages the shopping centre added: ‘When the owners acquired Greywell they felt it had potential to become a thriving shopping precinct.
‘The initial investment in refurbishing the common parts has been welcomed by tenants and shoppers alike and further upgrading will take place in 2014.’
Greywell runs parallel to Park Parade where some shop units had been empty for more than 20 years. Two years ago landlord Mark Smith started buying up the shops, refurbishing them, and letting them on lower, more flexible rents.
Mr Smith has invested more than £1m in Park Parade and has been praised by Havant Borough Council.