Midlands Co-op to reopen as retail park following acquisition

A Co-op store with an adjoining car park in Stourport-on-Severn, near Birmingham, is set to be reopened as a retail park following its acquisition.

The 29,000 sq ft store has been acquired by Goold Estates, which plans to re-market the asset as Tannery Retail Park following Co-op’s scheduled exit from the site later this year.

Goold Estates said the property will be available to let either in its entirety, or as a multi-let retail and leisure scheme with up to five individual units ranging in size between 1,300 and the maximum 29,000 sq ft.

The site was originally home to Stourport tannery, which was constructed in the early 1700s and operated for over 260 years. In 1880, it was acquired by the Beakbane family and later supplied sheepskin leather to the Worcester glove trade, before closing in the 1960s due to fire damage.

Anthony Williams, director at Goold Estates, said: “We are delighted to have acquired the site and will shortly be marketing the property to let as a whole or subdivided to provide a new multi-let retail park. I’m confident that the size of the units, together with the large car park, provides a unique opportunity to attract national retail, food or gym occupiers to Stourport town centre.” 

Johnson Fellows acted on behalf of Midcounties Co-operative, and has been retained by Goold Estates to market the property.

The acquisition is Goold Estates’ second from the Co-op, following the purchase of the 76,000 sq ft Masonry Trading Estate in Walsall in 2020.