A five-acre site, currently occupied by the Horse & Jockey pub, at Walsall Wood has been acquired by retail giant Lidl for an undisclosed sum from leading independent brewing and pub company Marston’s.
Lidl has gained planning consent for a new 24,488 sq ft discount store which could create around 40 new jobs. Construction is expected to start this year.
Chris Gaskell, agency partner at commercial property consultancy Johnson Fellows, acted on behalf of Lidl to acquire the site at Walsall Road. He has acted for the company on other deals across the country.
He said: “We have established a very successful working relationship with Lidl and we are thrilled that we have been able to complete the acquisition of this prime five-acre site from Marston’s on the company’s behalf.
“It means that construction can now get underway, bringing investment, new jobs and a fantastic new store to the area, and I am very much looking forward to seeing progress on the site.”
Johnson Fellows, established in 1984, is based in Birmingham with offices also in London and Manchester. The practice acts for a wide variety of clients including retailers, investors, developers, financiers and occupiers of commercial property. Services include agency, lease advisory, property management, building surveying and valuation. In particular, the firm advises many of the UK’s leading national multiple retailers on a nationwide basis.
The firm specialises in providing high quality professional advice with the latest market information and analysis, guidance through constantly changing legal issues and, above all, in providing a service which achieves the optimum commercial outcome for clients.