Waitrose has announced that work is to start on its new Banbury store on Monday (20th March)
The shop , which will offer 27,500 sq ft of selling space (38,500 sq ft gross), is to be built on an area of surplus land next to the Jacobs Douwe Egberts factory on Southam Road. Plans were approved in November 2015 with the store always targeted to open in 2017.
Foundations are due to be put down between late April and early May and the frame and roof are expected to be in place by the end of July.
Barwood will hand over the unit for Waitrose to fit out in the autumn ready to welcome its new customers by Christmas this year.
Waitrose has also confirmed that it aims to start recruitment for 140 jobs during the summer at a date to be confirmed.
Waitrose director of property, Nigel Keen, said:
“We are now in a position to get started and are that bit closer to realising our long-standing ambition to have a branch in Banbury. It takes time to put together projects like this, but it’s important we get everyting right so we can deliver a quality food shop, which can make a positive contribution towards the town’s future.”
Edward Henson, director, Barwood Capital, added:
“We purchased the Southam Road site in Banbury as part of our 2012 Property Fund with a view to unlocking its development potential. Having secured a pre-let to Waitrose, we are delighted that construction for the new store is starting shortly.”
Monies released from the sale of the site to Barwood have generated funds for Jacobs Douwe Egbert to invest in improvements to the Banbury factory, including upgrading associate facilities and offices.