Food Stores
Raine & Co. have secured the development of 15 superstores. 3 of these schemes have received awards. Set out below is a brief summary of key Food Store transactions.
HAYWARDS HEATH: Perrymount Road (Haywards Heath Gateway)
Raine & Co. was instrumental in achieving the development of this award-winning landmark scheme at the key gateway to Haywards Heath.
Having carried out a search in Haywards Heath and identified this site, Raine & Co. recommended and implemented a strategy to secure a superstore for Waitrose.
The intricate development was brought forward by Solum Regeneration in conjunction with Waitrose and Southern Rail. It includes a 44,000 sq ft superstore and 208 space car park for Waitrose, alongside railway station alterations and a replacement station car park for a total of 1,100 spaces.
The scheme won the Non-Residential Schemes Commendation at the Mid-Sussex Design Awards 2018.
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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.
Following a complex planning process (involving three planning applications, two planning appeals and a High Court challenge) consent was finally negotiated for a 61,500 sq ft Sainsbury’s, a 35,000 sq ft health and fitness unit (with a swimming pool directly above the food store), 432 car spaces and 155 flats.
Raine & Co. acted throughout for JSD, including the letting of the leisure unit and the sale of the residential element to a national housebuilder.
WOOLWICH: Woolwich Central
Raine & Co. provided advice to Tesco and their development managers, St James’s Investments, in the delivery of Woolwich Central - the biggest Tesco development ever built.
The £250m scheme features an 84,000 sq ft Tesco Extra hypermarket with basement car parking.
It provides 259 flats above the store, in 6 residential blocks of varying heights rising up to 17 storeys, and a 300,000 sq ft Civic Centre for Greenwich Council.
Planning permission was also granted for a 26-storey residential tower.
Beginning with the formulation of a site acquisition strategy, Raine & Co.’s involvement continued towards its implementation.
Being home for a number of large 1970’s blocks and a Victorian post office, Raine & Co.’s acquisition activities included negotiations for the purchase of: a 5-storey office block; a 9-storey halls of residence (from University of Greenwich); a 7-storey office building occupied by HMRC and the Department of Work and Pensions (from Mapeley Steps), and a Royal Mail post office and delivery counter. Relocations were needed of the two Government departments (into two separate buildings), and of the Royal Mail delivery office (within a major regional depot and sorting office).
TOOTING, Tooting High Street
Raine & Co. introduced this site, and acted as property and development consultants for Sainsbury’s throughout, in the delivery of this complex land assembly and innovative scheme in the heart of Tooting, south-west London.
Creative acquisitions were required to secure the four main landownerships. The primary site owner and occupier, South Thames College, were relocated from their Victorian former school premises into a state-of-the-art college facility above the store. A lease and leaseback with Gala, who operated an adjacent bingo hall, was undertaken to secure shared car parking. The consideration paid to the third and fourth owners, both housing associations, was provided by procuring land from Fairview Homes in a residential development elsewhere in the locality.
Award: The resultant scheme by Sainsbury’s, comprising a 45,000 sq ft superstore, a replacement college of 40,000 sq ft and 222 space car park, received a Civic Trust Commendation for its “Valuable Contribution to the Quality and
Appearance of the Environment”.
ARNOLD, NOTTINGHAM: Home Brewery, Nottingham Road
Raine & Co. acted for Sainsbury’s in the purchase, jointly with St Modwen, of the Home Brewery from Scottish & Newcastle.
To assist negotiations with the local planning authority, Raine & Co. successfully identified retailers to occupy the existing Sainsbury’s branch in Arnold town centre. This lead to the grant of planning permission over the Home Brewery site for a 64,000 sq ft superstore plus petrol station and 500 space car park for Sainsbury’s, as part of mixed-use scheme comprising residential, fast food, nursery, employment, car showroom and office uses.
Raine & Co. were subsequently instructed by Sainsbury’s to let their existing 42,000 sq ft store, at Front Street, and concluded leases with Argos, Peacocks and Wilkinson.
FAVERSHAM: Former Fremlin’s Brewery, Crescent Road
Raine & Co. acted for Tesco in the purchase of this food store, 300 space car park and petrol station, on a site and shell basis, from Parker Estates.
A highly complex scheme for a site within the Conservation Area on the edge of Faversham town centre, the development required the incorporation of a 35,750 sq ft superstore into the 19th Century Grade II listed former Malthouse to the former Fremlin’s Brewery.