The Co-op has exchanged contracts for the purchase of four convenience stores from Waitrose.
An offer has been accepted for Co-op to purchase Little Waitrose convenience stores in key city centre locations in Manchester (the approach to Piccadilly railway station and, also in Spinningfields), in Colmore Row in Birmingham and, Portman Square, London.
The details and the arrangement of the agreement are not yet finalised, but the expectation is that the sale of the stores will complete in the autumn.
Stuart Hookins, Co-op Director of Property Portfolio and Development, said: “We are pleased to have worked with Waitrose to agree the purchase of four of its convenience stores. Our acquisition and refit programme forms a fundamental part of our food strategy. Our aim is for stores to be at the heart of local life, creating stronger communities and offering great quality products conveniently, when and where our members and customers need them.”
The Little Waitrose shops are:
• Spinningfields, Manchester (3,100 sq ft)
• Manchester Piccadilly (3,000 sq ft)
• Colmore Row, Birmingham (3,000 sq ft)
• Portman Square, Baker Street, London (2,800 sq ft)