Development Securities to finance Huyton town centre scheme
Huyton in Liverpool is to see a 105,000 sq ft (9,755 sq m) retail development following the relocation of Asda into a 147,000 (13,655 sq m) sq ft supermarket.
Asda's former store, which occupies a 3.2 acre (1.3 ha) town centre site is to be redeveloped by CTP and Development Securities. The project will include 28 retail units in a mall that links the high street with Asda at the rear.
Development Securities has paid CTPÂŁ5 million for the site, which already has planning permission. It plans to begin construction immediately, with completion expected in spring next year.
Hardware chain Wilkinson has signed the first pre-letting, taking the 28,990 sq ft (2,695 sq m) anchor store forÂŁ218,000 a year. The completed scheme is expected to generate a rental income ofÂŁ1.4 million a year.
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