Bowmer & Kirkland, the main contractors appointed to construct the John Lewis and Waitrose superstore, have signed a Licence to utilise the bulk of The Glasshouse site, diagonally opposite the new development.
As ‘steels’ emerge from the ground on the Waitrose site, B&K have needed to relocate their site portakabins and some of the contractors’ parking. The convenience of the nearby Glasshouse site was fortuitous, and a fixed Licence term has been signed through to the end of the year, with the Council consenting to B&K moving their portakabins to the new location for the duration of the JL/Waitrose project.
BDT acted for Fishron Properties in arranging the Licence agreement. Fishron hold the long leasehold interest at The Glasshouse and have their own plans for redevelopment. Planning consent has been obtained for a 137 bed hotel, but these plans have come up against some complications, so have been suspended for now, and other development options are being considered closely.
By way of alternative, BDT (jointly appointed with Goadsby) are instructed by Fishron to sell the long leasehold interest in the site, subject to ground rent terms, for a value of £1.2 million. The B&K Licence agreement will remain in place until November 2015.
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Telephone: 01256 840 777
25th March 2015