A 90-acre business park development site in Lancashire has been bought by Blackburn-headquartered forecourt operator Euro Garages.
Frontier Park, a greenfield site near Blackburn and Junction 6 of the M65, was previously owned by Praxis which obtained planning consent last year for a 1,000,000 sq ft mixed-use development scheme including roadside leisure and employment space.
Praxis offered the site to the market last year at a guide price of £10m.
Zuber Issa, chief executive of Euro Garages, said: “This is a strategic purchase to support the ongoing expansion strategy of our business, which has grown significantly in recent years.
“We will be bringing forward the first phase of development as soon as possible comprising a typical Euro Garages PFS, convenience food, drive-through Starbucks and KFC restaurant. In addition, we have earmarked the site for further development opportunities including a relocation of our head office from Blackburn and new conferencing facilities.
“Once these facilities have been delivered we will be offering the balance of the site to the market.”
Aherne Property Consultants acquired Frontier Park on behalf of Euro Garages.
Andrew Aherne of Aherne Property Consultants said: “We are pleased to have successfully acquired this site for which there was significant competition from property developers and investors.
“The level of interest demonstrates the strategic importance of this prime site which when brought to the market will offer the best development opportunities on the M65 in south Lancashire.”
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