Catesby Estates has sold a one-acre site in Milton Keynes – which has consent for retail – to Central Co-op.
The site in Wavendon, is part of a 156-acre mixed-use Glebe Meadows development for 1,140 homes, a primary school, secondary school and public open space, all of which was originally brought forward by L&Q Estates and sold in parcels to developers.
The one-acre parcel has outline permission for 350 sq m food retail store, and 400 sq m of non-food retail space. The space will be the last piece of community infrastructure to be delivered at Glebe Meadows.
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 for Central Co-op, said: “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.”
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