May 31 2012
Metric has conditionally exchanged contracts with a private investor to acquire 90 acres on the south west outskirts of St Austell for £5.5 million. The purchase is conditional on planning and pre-letting targets. The intention is to develop the site to provide a 158,000 sq ft retail park anchored by a 68,000 sq ft supermarket which has been pre-sold to Sainsbury’s. A planning application is to be submitted before the end of the year.
The full announcement can be found in the attached file.
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