Southport, Meols Cop Retail Park
- 180,000 sq ft retail park with major redevelopment of part to introduce a new large format 80,000 sq ft Sainsbury’s
- Frontage modernisation of retail terrace alongside Sainsbury’s
- Tenants include Currys, Hobbycraft, Pure Gym, Home Bargains and Halfords
Business Plan & Achievements
Instructed to renegotiate an outdated agreement for lease for a Sainsbury’s store on stilts which it no longer wished to occupy following a change of corporate strategy.
Successful renegotiation with Sainsbury’s completed and planning consent granted for an 80,000 sq ft store at grade with new car parking.
Major redevelopment of part of an existing retail park with new highways junction completed in late 2023 with Sainsbury’s opening in early 2024.
Currys was temporarily relocated within the park during the construction works and returned to its modernised unit alongside Sainsbury’s for reopening in early 2024.
The redevelopment entailed significant infrastructure and highways works whilst the remainder of the retail park was fully operational.
Alongside the new Sainsbury’s, retail frontages were modernised facilitating lettings to Hobbycraft and Pure Gym.
Total capex for the redevelopment and frontage upgrades exceeded £30m.