Pompey's retail push

Insight Investment is to redevelop 244-248 Commercial Road in Portsmouth, Hampshire, with 27,000 sq ft (2,505 sq m) of retail space. It has already signed a pre-letting of 18,965 sq ft (1,760 sq m) to Sports World. The privately owned sports retailer has taken Unit 1 on a 15-year lease at an initial rent of£300,000 a year. The development will be completed next summer.