As part of a wider sale and leaseback programme with the Co-op, NHG acquired a portfolio of trading retail assets identified for either expansion, redevelopment or repositioning.

In this instance, the existing food store was no longer fit for purpose and did not maximise the potential of the location. Working alongside our professional team, NHG successfully secured planning consent for a brand-new 8,000 sq ft mid-format Co-op supermarket on ancillary land adjacent to the existing store.

The scheme included the delivery of a modern retail unit together with customer parking and improved site configuration, enabling the retailer to significantly enhance its trading offer and optimise the long-term value of the location.

The project demonstrates NHG’s ability to identify asset management opportunities within operational retail portfolios and deliver commercially driven development solutions for national occupiers.