Leading Hull-based commercial developer Wykeland Group has acquired a landmark site in Grimsby and announced new investment is on its way.
Wykeland has purchased the former Ramsdens Superstore site from the Grimsby-based retail and cash and carry business Ramsden Group and, as the new owner, will take the lead in rejuvenating it.
That has already begun with Wykeland announcing that, in a linked transaction, a deal has been agreed to sell part of the site to family-owned retailer Farmfoods, for the development of a new 15,000 sq ft store with car parking.
The sale of just over an acre of land to Farmfoods is subject to full planning permission for the new frozen food and groceries store. A planning application has been submitted and, if approved, the store is expected to create up to 15-20 new jobs.
Wykeland will retain the remaining 1.8 acres and explore opportunities to attract further investment and regeneration, while investing around £100,000 to improve the site, including structural repairs to a property fronting Cleethorpe Road.
Wykeland has also renamed the development as Ramsden Park, in tribute to the site’s history as the place where the Ramsden Group business was founded, with the opening of the Ramsdens store in 1946.
Ramsden Group and Wykeland have previously secured investment by coffee house chain Starbucks in a drive-thru and eat-in café on the corner of the site facing Cleethorpe Road and Park Street. The Starbucks facility has traded successfully for more than three years.
Now, with Farmfoods also coming on board, Wykeland is exploring further opportunities to revitalise the site.
Wykeland Development Director Jonathan Stubbs said: “We’re pleased to announce we have acquired the site from Ramsden Group and have also concluded a deal, subject to planning consent, to bring in new investment from one of the UK’s most popular food retailers. As well as supporting Farmfoods through the planning process, we’ll be investing in improvements on site and exploring further development opportunities. We’re committed to the regeneration of this important location on the main route between Grimsby and Cleethorpes and keen to hear from investors who would like to work with us to realise its potential.”
