Raine & Co. have secured disposals for Sainsbury’s, Tesco, Waitrose and others, across a wide range of property types and tenures. Set out below is a brief summary of key Disposal transactions.
ADDLESTONE: Woburn Corner, Station Road
Raine & Co. were appointed by Sainsbury’s as project co-ordinators to oversee the sale of this 0.64 acre site lying in a prominent position on the edge of Addlestone town centre.
To overcome planning and environment agency resistance (an open ditch crossed the site and part lay in a flood plain), Raine & Co. appointed a full project team (including town planning, drainage and hydrological consultants) and secured a resolution to grant planning permission for a 15 unit residential scheme. Following an extensive marketing campaign, Raine & Co. achieved an unconditional sale to McCarthy & Stone for a retirement home development.
ARNOLD, NOTTINGHAM: Former Sainsbury’s, Front Street
To assist planning negotiations for a new superstore on the edge of Arnold town centre, Raine & Co. were instructed to identify retailers to occupy the existing 42,000 sq ft Sainsbury’s branch within the town centre, at Front Street.
Subsequent to the grant of planning permission for the replacement store, Raine & Co. were instructed by Sainsbury’s to let the surplus store and concluded leases with Argos, Peacocks and Wilkinson.
BANBURY: Banbury Rugby Club
Raine & Co. were appointed by Stannifer to assist in the purchase of Banbury Rugby Football Club’s ground (over which a residential planning permission had already been granted) on an unconditional basis. Thereafter, planning consent was granted for a retail development and Raine & Co. acted for Stannifer in the sale to Sainsbury’s of a superstore on a site and shell basis.
The completed scheme comprises a 60,000 sq ft Sainsbury’s, 550 space car park and petrol filling station.
CHELTENHAM: Tewkesbury Road
Raine & Co. acted for Wickes in sub-letting a 7,000 sq ft unit.
Former BG site, Richmond Road
Raine & Co. acted as agents, and property and development consultants on behalf of J Sainsbury Developments (JSD) in their mixed-use scheme on the former Gas Board site lying to the north of Kingston-upon-Thames town centre.
Raine & Co. acted throughout for JSD, including the letting of the 35,000 sq ft leisure unit.
SOUTHBOROUGH: Former Bell Inn PH, London Road
Raine & Co. were appointed by Tesco to sell the freehold of this former public house site in Southborough town centre. Following a full marketing campaign, the site was sold to Kent County Council for a mixed-use development in conjunction with adjoining land. The scheme comprises housing, retail and community facilities.
KINGSTON-UPON-THAMES: Former BG site, Richmond Road
Raine & Co. acted as agents, and property and development consultants, on behalf of J Sainsbury Developments (JSD) in their mixed-use scheme on the former Gas Board site lying to the north of Kingston-upon-Thames town centre.
Raine & Co. acted throughout for JSD, including the sale of the 155-unit residential element to a national housebuilder.
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MAIDSTONE: The Farrows
Raine & Co. acted as agent and lead development consultant for Tesco in securing the sale of 8.3 acres to a national housebuilder. With the benefit of an historic outline planning permission for residential development, the greenfield site was marketed on an informal tender basis to a selected number of parties and was sold unconditionally. It has now been developed
to provide 122 units.