The Festival Place shopping centre in Basingstoke has been bought by US pension fund TIAA-CREF for a reported £280m The centre was redeveloped by Grosvenor in 2002 and has approximately 175 shops and a 2,770-space multi-story car park. It is the main retail property in Hampshire and is anchored by Debenhams, Marks and Spencer and a 10-screen Vue Cinema.
Other retailers include Apple, Zara, H&M, Next, River Island, Superdry, Top Shop/Top Man and BHS. “Festival Place fits with...
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