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Industrial/Warehouse News
The Nottingham office of Fisher Hargreaves Proctor have confirmed that they have, acting on behalf of Wilson Bowden Developments, secured the sale of 20 acres of the former Demaglass manufacturing complex in Chesterfield to Tesco Stores Limited and Chesterfield Football Club.
These two anchor deals will guarantee the regeneration of the former 25 acre manufacturing complex which fronts the A61 in the heart of Chesterfield.
It has been confirmed that Tesco will relocate from their existing store and that they will develop a 120,000ft² Tesco Extra Store on approximately 9.5 acres of the site.
Neil Hartley, Development Director for Wilson Bowden Developments commented:
“Tesco have had a keen interest in developing a new store on this site for quite some time and they have been working closely with us on the preparation of the development proposals that we submitted to the Council last year as part of the planning application.
The scheme will bring to life one of the largest regeneration sites in Chesterfield and act as a catalyst for further proposed development along the A61 corridor”
A spokesperson for Tesco commented:
“This is an excellent opportunity for us and we are proud to be part of a scheme which will bring much needed redevelopment to this site as well as contributing to the wider regeneration of the Chesterfield area. Our customers can look forward to a great new store which will offer them an improved range of quality foods and other household products.”
The new store is to have an attractive and contemporary design which will make use of leading edge technology to reduce its carbon footprint.
The store itself will be on stilts at first floor level with 995 car parking spaces provided on site. An additional 150 full time jobs will be created at the store with flexible working hours and training opportunities available.
The highways network around the store will be undergoing improvements and ensuring easy access for customers.
Fisher Hargreaves Proctor introduced the site which is the former Demaglass factory site to Wilson Bowden Developments in 2005. Since which time Wilson Bowden Developments have completed substantial demolition and decontamination of the site in preparation for this new development. As well as the new Tesco Extra the site will provide a home for Chesterfield Football Club’s new stadium and three acres will be developed by Wilson Bowden Development for additional commercial and business premises.
The construction programme has now started commencing with major highways works to Sheffield Road, Lockerford Lane and the A61 roundabout.
It is anticipated that the Tesco store will be open prior to the end of the year and that Chesterfield Football Club’s new stadium will open prior to the start of the 2010/2011 season.
John Proctor of the Nottingham Office of Fisher Hargreaves Proctor acted on behalf of Wilson Bowden Developments with the acquisition of the site and agreeing terms with Tesco and whilst no details of the financial terms of the deal agreed have been disclosed he confirmed.
“This is a great illustration of how a developer and a progressing planning authority can work together to bring forward comprehensive regeneration to an obsolete manufacturing facility which can act as a catalyst for wider regeneration. The Demaglass factory has been closed for some number of years, was derelict and had been the subject of previous failed redevelopment proposals to implement redevelopment.
By working together with the relevant parties Wilson Bowden Developments have brought forward a major regeneration site which will act a stimulus to the area and provide further job opportunities.
Mark Liell & Son advised Tesco throughout the transaction.