Salmon Harvester Acquires Sutton Coldfield Retail And Leisure Development

May 5, 2015

Mere Green

Salmon Harvester Properties has acquired the freehold of a prime retail and leisure development opportunity in Sutton Coldfield from Administrators at PWC appointed over Spring (Sutton Coldfield) Ltd., part of Castlemore Securities (in administration). The agreed price was £6.4m

Cordatus Real Estate, acting as asset managers on behalf of PWC, has secured planning consent for a 68,624 sq ft retail led development on the 2.73 acre site in Mere Green – an affluent part of Sutton Coldfield. In addition Cordatus secured pre-lets to M&S and Boots as well extending the occupation of Greene King. In total some 36% of the scheme is pre-let and expected development costs are around £17.5m.

M&S has signed for a 16,178 sq ft store on a 20 year lease, Boots has agreed a 10 year deal for 3,544 sq ft while Greene King, operating as Old Speckled Hen, has committed to a new 10 year lease in its existing 4,500 sq ft  unit. Three other stores in the 11-unit scheme are under offer.

Matthew Hammond, Partner at PWC and joint Administrator for Spring said: “We are delighted that we have secured the sale of this site to Salmon Harvester. The price achieved fully justifies our strategy of holding this asset through the planning stage and securing the pre-lets to major retailers. Salmon are a very credible developer and very well placed to deliver this scheme to the community”

Rorie Henderson, Development Director at Salmon Harvester said: “This is a superb ‘oven-ready’ development opportunity in an affluent location and as such we had to fight off some stiff competition. We are delighted with the pre-letting success to date and there are numerous discussions taking place with other potential occupiers.”

Construction work is due to start in July 2015 with completion scheduled August 2016.

Cushman & Wakefield advised the vendor, HSM represented Salmon Harvester. Rowley Thompson are letting agents.

–       Ends –


Latest News


June 27, 2022 - 10:34

KLM Real Estate has boosted its retail advisory team with the promotion of Tom Jamson to partner. Having joined the firm in 2013, Tom focusses primarily on designer outlets, central London high street[...]

+ Read More


June 21, 2022 - 09:11

Hanover Green Retail has appointed Chris Braithwaite, a former Senior Director at Apple as a Non-Executive Director. While at Apple, Braithwaite was responsible for leading their Global Retail Real E[...]

+ Read More

Harrods celebrates the highly anticipated launch of H beauty Gateshead

June 20, 2022 - 08:39

Harrods is proud to celebrate the opening of H beauty Gateshead, the brand’s fifth standalone beauty store in the UK, located in the Metrocentre. Offering an unparalleled beauty utopia, the 30,203 s[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR