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St. Modwen, the UK’s leading regeneration specialist, has moved a major step forward in its redevelopment of Farnborough town centre with the signing of New Look.

The fashion retailer is taking 15,800 sq ft in the latest phase of the scheme and is scheduled to open in time for Christmas trading in December this year.

“This is a great result for Farnborough and shows that the redevelopment of the town centre continues despite the tough economic climate,” says James Stockdale, development manager at St. Modwen. “New Look becomes the latest big name to sign for the scheme after Sainsbury’s and Travelodge and its decision is sure to attract other retailers to taking space. We are currently in discussions with a number of interested retailers for the units immediately adjacent to New Look.

“New Look is one of the country’s most successful retailers and its decision to take a unit of this size in Farnborough is a big vote of confidence in the town’s ability to serve the wealthy catchment population of the Blackwater Valley.”

The first phase of development was completed at Farnborough at the end of 2009 and St. Modwen is currently reviewing options for moving to the next phase, subject to continued tenant interest.