US retailer to open store in Gloucestershire

American retailer Costco is to open its latest store in Gloucester.

The  retailer has purchased the derelict former Interbrew site in the city in a deal which is estimated to be worth £11.8m.

Costco had appointed Chase Commercial and Colliers to find a suitable site.

Chase Commercial Limited said: “We are delighted to have advised Costco Wholesale, alongside Colliers, on the acquisition of Centric Park, Eastern Avenue, Gloucester, a cleared 11.5 acre site fronting Eastern Avenue in Gloucester, with detailed planning consent for 251,150 sq. ft. of Class E(g) (iii), B2 and B8 uses with ancillary offices, plus trade counter uses.”

Commenting on the sale Justin Parker, director at Chase Commercial, said: “We are delighted to have secured this prominent site in Gloucester on behalf of Costco Wholesale.

“The deal is reflective of Costco’s performance track record and their ability to move decisively once suitable sites are identified. Costco are entirely self-funded.”