Henry Davidson Developments, the wholly owned subsidiary of Development Securities, has started on a retail development in Wirral funded by Santander.
The development on Church Road is part of a wider masterplan by social house builder Lovell and Wirral Council. The retail scheme is anchored by a 4,000 sq ft Co-operative Food store. Swettenham Chemists and two local food retailers have also signed pre-lets, leaving four remaining units to let.
The scheme is due to be completed in October this year. Andy Radford, of Henry Davidson Developments, said: "In conjunction with our project partners, Lovell Partnerships and Wirral Council, we have worked hard to bring this development forward. The fact that we are now committed to building the neighbourhood centre underlines our combined commitment to the people of Tranmere and the on-going regeneration project as well as testament to the quality of the project we are proposing."
Cottrell Commercial is letting agent for the scheme. Eddy Cottrell said: "We are in talks with a variety of retailers about our proposals and the fact that we are now committed to the construction contract will enable us to demonstrate a firm commitment to them over the coming weeks. The presence of the Co-Op as an anchor store will provide a much needed modern convenience facility to this area and with the lettings to Swettenham Chemists as well as two new restaurants we are hopeful that we can bring a range of complementary traders to this location."