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Local developer acquires site for food store in UK

Local developer acquires site for food store in UK

Tuesday 18 July 2017

Local developer acquires site for food store in UK

Tuesday 18 July 2017


Le Masurier, the Jersey property investment and development company, has acquired a site in Staffordshire to build a new Marks & Spencer food store.

The site is two miles from the M6 motorway and will coincide with the council's plans to build a new leisure centre nearby.

Construction has already begun and is due to be completed early next year.

Le Masurier are funding the development and are working closely with Chester-based property developer, Liberty Properties.

Brian McCarthy, Managing Director of Le Masurier said: “With Marks & Spencer Plc agreeing to a new twenty-year lease, this represents a hugely attractive investment for Le Masurier and another new build addition to our rapidly growing UK commercial property investment portfolio."

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