Commercial Property News
Image default
East of England UK Property News Retail Property News UK Property News

MCS Group Completes Retail Park Construction at Former Gasworks

Construction of three new retail units at a former gasworks site in Hertfordshire has reached practical completion, main contractor MCS Group announced today.

Consolidated Property Group (CPG) awarded MCS Group a £9 million construction contract to deliver the three units, at Griffiths Way, St Albans, for major retailers B&Q (46,000 sq ft), Aldi (19,000 sq ft) and Costa Coffee (2,000 sq ft).

Alan Shadbolt, Group Commercial Director at Warwick-based MCS Group, said: “Working alongside CPG, our team has delivered a high-quality retail park on a site that has been in serious need of redevelopment, bringing new jobs and welcome investment to St Albans.

“An excellent new retail destination, surrounded by well-known stores and supermarkets, has been created and we’re sure it will prove to be extremely popular with local shoppers.”

The scheme resides on land formerly owned by National Grid and sits adjacent to Sainsbury’s, Matalan, Pets at Home and Bunnings.

Martin Ridgway, Group Managing Director of CPG, said: “We are delighted to have worked with MCS, our funders LXi and our professional team in bringing this prime retail development to a successful conclusion.”

Related posts

Romulus Secures £55 Million Refinancing for Landmark London Office

Dominic Gabriel

National Law Firm Advises on £22 Million of Deals in December

Dominic Gabriel

London Metric Acquire Two Logistics Warehouses for £13 Million

Dominic Gabriel