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Risca

On behalf of the joint venture DFE unconditionally acquired, Chelverton were selected to work with Tesco to develop out a new 125,000sq ft edge of centre foodstore with 600 cars and a pfs which was linked to the Town centre with a pedestrian bridge. The site was heavily contaminated and had extensive Japanese knot weed covering parts of the site. Chelverton negotiated the purchase of the site, concluded the planning consent and undertook a significant infrastructure contract before starting work on the store itself. The Completed Tesco investment was forward sold to Stanhope Pension Trust Ltd.