Acquisition for £150 million Fosse Park extension

Wilkinson Williams, acting on behalf of The Crown Estate, owners of Fosse Park in Leicester, have acted in the exchange of contracts to acquire a site to develop a new fashion park extension, extending to approximately 155,000 sq ft.  The new scheme, for which a planning application has been submitted, will link in directly to the existing fashion scheme and will comprise a new Next Fashion, Home and Garden anchor store, together with a wide range of retail and A3 occupiers.  It is estimated the scheme will create approximately 1,100 jobs upon completion.   The 12.5 acre site was acquired from the existing owners, Everards Brewery Limited.