Case Studies > Retail >

Tesco, Accrington

In 2006, Alliance bought a dilapidated site unconditionally in Accrington town centre within two weeks of agreeing the price.

Formerly office accommodation, the site had remained vacant for many years due to poor buildings and varying topography.

Before the acquisition was completed, Alliance generated significant supermarket operator interest and selected Tesco.

Alliance overcame multiple contract and planning hurdles to deliver a 93,000 sq ft Tesco in three years – a short timeframe in the supermarket sector. The site was sold to Tesco for £15.8 million in September 2009.