Major Cupar retail park development gets council green light
The investment by London & Scottish Developments, part of Glasgow-based London & Scottish Property Investment Management, will see the construction of eight retail and leisure units in Cupar.
The largest has been pre-let to anchor tenant B&M, which has taken 23,000 square feet plus 7,500 sq ft for a garden centre.
Other pre-lets have been agreed with Indigo Sun and Burger King with a further unit currently under offer to a national coffee chain. The four remaining units are available for rent.
The retail park is adjacent to an existing Tesco supermarket and within walking distance of the town centre.
Andy Richardson, director at London & Scottish, said: “This site has lain undeveloped for many years, and we are delighted to have worked with Fife Council to regenerate it to meet modern occupier demands.
“This new and exciting retail outlet, with its good parking and open-plan, modern accommodation not available elsewhere in the town, will complement Cupar’s existing High Street offer.
“The development will create 120 to 140 long-term retail jobs as well as 40 construction jobs during the build and fit-out phases. Work will commence in November and the site is expected to be completed in August 2021.”
Cupar is one of several locations that London & Scottish is in the process of redeveloping following its successful acquisition of 14 redundant sites from Tesco in 2015.
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