St Modwen Developments Ltd has sold the long leasehold interest of the Co-operative foostore in Tipton, West Midlands, to the occupier, West Midlands Co-operative Society, for £725,000.
The 929 sq m (10,000 sq ft) store anchors the town’s shopping centre which St Modwen has refurbished and extended and now includes 24 shops and the town centre library.
Rupert Joseland, of St Modwen, said: “We are pleased that the West Midlands Co-operative Society has shown a further commitment to the centre. The marketing of the centre is progressing well with three new retailers opening shops this year, and good interest being shown in the few vacant units.”
The remaining units are being marketed by Andrew Thompson & Co.
For further information contact Rupert Joseland of St Modwen on
0121-456-2800. Issued by Paul Raymer of Howle Chapman Raymer