Acorn Property Group has purchased the former Marks & Spencer store in the heart of Falmouth for a mixed-use redevelopment.
The group’s Cornish division, Acorn Blue, has already received planning permission to transform the store on Market Street into a range of one-, two-, three- and four-bedroom apartments and houses, with three retail units at ground level.
Stuart Brereton, regional managing director and land director at Acorn’s Cornish office, said: “We’re excited to have the opportunity to restore some of the vitality that Market Street lost when Marks & Spencer closed, breathing new life into Falmouth’s main high street and bringing new homes and business space to the centre, while repurposing an empty building,” said.
“Within easy reach of all central amenities, including shops, restaurants, local beaches and coastline, we’re expecting strong demand when properties become available.”
Construction of the new development, which is called Market Quay, is due to start at the end of the summer, with work expected to complete by autumn 2025.
