Strategic land promoter Catesby Estates has sold 1.048 acres of development land with outline planning permission for a food store in Wavendon, Milton Keynes, to Central Co-op for an undisclosed price.
The site has permission for the delivery of a circa 350 sq m food retail store and 400 sq m of additional non-food retail space.
The land forms part of Glebe Meadows, a 156-acre, mixed-use community comprising 1,140 homes, a primary school, secondary school and public open space, all of which was originally brought forward or promoted by L&Q Estates and sold in parcels to developers.
Myron Osborne, chief executive of Catesby Estates, said: “This parcel of land in Milton Keynes was obtained as part of our parent company Urban&Civic’s acquisition of L&Q Estates last year, which saw us significantly increase our land promotion portfolio. With L&Q Estates bringing forward or promoting all other elements of the Glebe Meadows neighbourhood, we are pleased to have sold the final parcel of land to be delivered here to Central Co-op and look forward to seeing the land transformed into new retail space for the existing community.”
Paul Shepherd, senior acquisition manager at Central Co-op, added: We’re delighted to be bringing a new community-focused local centre to Wavendon. Central Co-op is committed to serving growing neighbourhoods with convenient, ethical retail and this development marks an important step in our plans to support local communities with accessible, high quality services.”
