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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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