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AXA Takes Isle of Wight Leisure Scheme

LONDON-AXA Sun Life has paid pounds 12 million ($20 million) for the 74,000-sf Coppins Bridge Retail & Leisure Park, in Newport, Isle of Wight. The scheme is the only such facility on the island.

By Graham Parker | Updated on November 14, 2003

LONDON-The Isle of Wight’s only retail and leisure park has changed hands in a £12 million ($20 million) deal. Axa Sun Life has bought the 74,000-sf development on the eastern outskirts of Newport, the island’s capital from a client of FPDSavills.

Coppins Bridge is a three year old scheme anchored by an 11 screen Cineworld multiplex, supported by Pizza Hut and Chicago Rock Café restaurants, a KFC Drive-Thru, and 297 car parking spaces. Additionally there are two large retail units, one of them let to Staples office supplies. The other, formerly occupied by B&Q, is currently vacant.

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