NEWS ARCHIVE

CAR PARKING PRICES SLASHED AT CHARLTON SHOPPING CENTRE, DOVER AND CORAL ACQUIRES RETAIL UNIT | 24/10/05

Car parking prices have been slashed at Charlton Shopping Centre, Dover as part of changes introduced by the new owners of the centre, Targetfollow together with their associated car park management company Regional Car Parks.

The new pricing structure means that the cost of parking all day within the covered multi storey car park will be only 50p. It was previously 40p per hour.

The car park has now moved from a barrier and kiosk system to pay and display. Access to the site has also been made easier with entrances through both Crafford Street and Wood Street now available.

Targetfollow - a leading commercial property company focused on town centre investments and developments and which recently acquired the iconic Centre Point building in London - purchased Charlton Shopping Centre in June this year.

Jeremy Aldous, Portfolio Manager at Targetfollow, said: “We are pleased to announce the new car parking pricing structure which we feel will add to the appeal of the centre. We are now undertaking a range of work both behind the scenes and in the public eye to enhance Charlton Shopping Centre.”

In addition, Targetfollow has brought bookmaker Coral to the centre. Coral Estates Ltd has taken 917 sq ft (85.2 sq m) at Unit 12, on a lease assignment for a period of four years at a rent of £14,500 per annum (£27 Zone A psf).

A Coral spokesman said, "Coral are delighted to be transferring our existing business from 5 London Road, Dover to The Charlton Centre where we shall look forward to providing much improved facilities for our customers enjoyment."

The move has given the previous tenant Mr Pasifull, who runs Charlton Shoe Repairs and has been in the centre for many of years, the opportunity to move into Unit 20, a more appropriate unit for his business located inside the main shopping centre itself. Terms are agreed and the new tenancy for Charlton Shoe Repair is currently being documented.