Redrow buy Tesco Site in Prestwich

April 20, 2015

Acting on behalf of Tesco Stores Ltd, Eckersley have sold 20 acres of land to the rear of the Tesco store in Prestwich to Redrow Homes.  Enquiries Co-ordinator Fiona Warren confirmed that ”the site attracted a significant amount of interest from a number of the regions’ housebuilders as well as several promotion companies and speculators”.

The site was sold by informal tender following a fixed marketing period, with Redrow’s offer being selected as the preferred bid.

“This sale emphasises the strong demand for housing in the Greater Manchester area, particularly within the M60 Greater Manchester conurbation” added Andy Taylorson who concluded the negotiations with Redrow.

The sale of this site is one of a number of development opportunities presently being marketed by Eckersley on behalf of Tesco. More recently the Practice have brought three opportunities to the market at Burnage, Haydock and Middlewich.

“There continues to be a strong appetite for residential land throughout the North West.  Values vary depending on the location, access to schools and amenities and obviously site specific matters such as planning” commented Andy.  “We have a number of other sites at different stages of disposal, to a variety of purchasers that include small and medium sized developers as well as the well-known national house building companies.”

If you have sites that may be suitable for residential or commercial development, Eckersley’s team would be willing to provide a preliminary overview without obligation.