Grovebury Road, Leighton BuzzardProperty:Land for Retail Development
Purchase Price:c. £15m
Claymore Role:Land Promotion, Planning and Development, Co-Investment
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Acting on behalf of The Church Commissioners, Claymore successfully promoted this 7-acre greenfield site, to secure change of consent from industrial to retail use in 2013. Claymore has subsequently assembled a pre-let retail warehouse development and in joint venture with Conrad Phoenix Properties acquired the site from The Church Commissioners and forward funded the scheme.
The project commenced on site in October 2017 and practical completion was achieved in November 2018. The company is about to convert one of the units to accommodate a letting to Aldi.
Phase 2 land is currently being promoted for industrial and trade park uses.