Boots Properties is set to launch its biggest retail development scheme so far. It has won an exclusive option to submit detailed proposals for the Church Commissioners’ Cheshire Oaks scheme, 5 miles north of Chester on the M53.
Planning consent for a 463,000sq ft shopping scheme was won by the Church Commissioners in 1989 and they began looking for a new development partner when Rosehaugh subsidiary Shearwater backed out last year. Boots is hoping to have a partnership deal in place by May.
The £50m scheme, on a 65-acre site, will be anchored by a 125,000-sq ft variety store. Boots the Chemist will also take space there.
Jones Lang Wootton and Lunson Mitchenall are the letting agents. Smiths Gore advised the commissioners.
The news follows recent Boots’ announcements of proposals for 30,000-sq ft schemes at Plympton in Devon and Brecon in Powys.
Final proposals for a 300,000-sq ft scheme on local authority land at Hastings, East Sussex, are scheduled for May.
