News

Store opens as Woodbourne Group completes £6 million scheme

A new Lidl store has opened its doors today (June 30) following a multi-million-pound redevelopment of a West Midlands site by property developer and investor Woodbourne Group.

Around 40 jobs have been created by the £6 million transformation of the former Arrow Valley Health Club site at Battens Drive, Redditch.

Birmingham-based Woodbourne Group acquired a two-storey, 21,000 sq ft gym on a 1.70-acre site. An agreement was later signed with Lidl UK GmbH to develop a retail store on a 25-year lease.

Woodbourne Group chief executive Tani Dulay said: “It is fantastic to see the new Lidl store open its doors to the public. The development has transformed the landscape and provided investment into the local economy, giving Redditch access to the convenience and good value associated with the Lidl brand.”

He added: “It was our vision to redevelop the site when we acquired it as a distressed asset and we are grateful for all the support we have received from the local authority and the community.

“Seeing that vision develop into what is a wonderful new addition for Redditch shoppers is very satisfying and we would like to wish Lidl huge success with its new store.”

Woodbourne Group acquired the long-leasehold interest of the site unconditionally, without borrowing, and completed within five working days from exchange of contracts.

Skilful acquisition was then required for the sublease and freehold interest, allowing development without any legal impediment. This demanded a deep understanding of practical needs and concerns of a site fraught with risk.

An active asset management strategy was applied, and a detailed design and urban analysis on the proposed redevelopment options undertaken. The site generated significant interest from a range of potential end users including a car dealership, discount food, petrol filling station, hotel, pub, fast food and drive-thru.

News

What tech developments are shaping the sustainability landscape?

Viewpoint

What can we expect from COP27?

Viewpoint

PM should prioritise net zero, says Tani Dulay

In The Press

Climate change and the floods in Pakistan

Viewpoint

Will Birmingham’s Commonwealth Games leave a sustainable, carbon-neutral legacy?

Viewpoint

Birmingham knowledge quarter welcomes Woodbourne Group

Viewpoint

Woodbourne Group launches fund for new generation of entrepreneurs

In The Press

Hybrid working and its impact on the commercial environment

Viewpoint

How biophilic design is helping to improve the built environment

Viewpoint

Can a building ever be future proof?

Viewpoint

Happy Gurpurab

Viewpoint

COP26: The UK’s Role in the Fight Back Against Climate Change

Viewpoint

Woodbourne Group Announces the Completion of First Phase of Canalside Development

In The Press

The Impact of Green Spaces on Our Mental Wellbeing

Viewpoint

How Birmingham Can Seize the Opportunity of the Commonwealth Games

Viewpoint

Curzon Wharf Birmingham – World’s first mixed-use net zero carbon masterplan

In The Press

Birmingham is still poised for growth

In The Press

Woodbourne Group completes acquisition of Mill Wharf in Birmingham City Centre

In The Press

Woodbourne Group agree deal at Canalside

In The Press

Acquisition of Saxon Way Industrial Estate

Viewpoint

Birmingham’s most expensive house EVER

In The Press

Developer behind affordable homes for Wotton under Edge

In The Press

Lidl UK GmbH signs up to Battens Drive

Viewpoint

Tani Dulay shortlisted for a NatWest Great British Entrepreneur Award

In The Press

70 new homes on way to Black Lake under £13m plan

In The Press