FHP acting on behalf of Walmart owned ASDA have introduced and negotiated the acquisition of a site of 7 acres on Abbey Lane (the A6) in Leicester for a 70,000 sq ft food store and petrol station.
The site, which was owned by Sowden Group Limited, was secured on a “Subject to Planning” basis with Planning Consent now achieved.
David Hargreaves, who acted for ASDA confirmed that completion of the acquisition has now taken place with ASDA to build out a store of 70,000 sq ft which should create up to 325 new jobs as part of a multi-million pound investment in the city.
As part of the Section 106 a new Innovation and Technology Building will be developed which should employ a further 150 people and a new footbridge over the River Soar will be built.
FHP introduced the site to ASDA and represented them throughout the acquisition.
FHP acted for ASDA some 3 years ago in acquiring a site in Langley Mill which has been trading for the past 2 years.