Work starts on Wolverhampton Costa Coffee
Work is underway to create a new drive-thru Costa Coffee restaurant on a busy junction in Wolverhampton.
Midlands-based developer Deeley Group is delivering the development on the Birmingham New Road and Spring Road junction.
Deeley Properties, a division of the Deeley Group, worked in partnership with Ziran Land and the land owners Forty Four Club to bring forward the scheme.
It is expected to be completed by September 2021 and will create five full-time and 12 part-time jobs.
The companies are delivering a finished building for Costa, who will enter into a 15-year lease, and Deeley Construction has now started work on site.
It includes four electric vehicle charging bays which will be leased and operated by Osprey Charging Network. As part of the development, a new access road will be created and shared by the Forty Four Club, Osprey and the new Costa drive-thru.
Andrew Brazier, development consultant to Deeley Properties, said: “This showcases the versatility of the Deeley Group and being able to follow a development through from conception to completion of construction.
“We have worked in partnership with Ziran Land, Holt Commercial and Forty Four Club to put together an appealing package for Costa Coffee.
“The development will bring numerous benefits to the local community, with Forty Four Club investing the proceeds from the sale back into the club and its facilities. It is also creating jobs for local people and improving a well-loved community hub.
“We look forward to seeing the development completed later this year and serving customers in Wolverhampton.”
Holt Commercial, chartered surveyors with offices in Birmingham and Coventry, concluded an investment sale for the completed property to Sheffield Mutual Friendly Society.
Wade and Partners acted on behalf of the investor.
David Allen, a director of Holt Commercial, added: “We have seen significant growth and interest in this sector over the last few years and we expect that to continue both in the Midlands and around the country.
“Drive-thru restaurants have proved resilient over the Covid-19 period both in trading and investment terms. The junction of Birmingham New Road and Spring Road is a prime location for a development of this type and proved very attractive for the investor.
“We look forward to continuing to work in partnership with Deeley Properties and Ziran Land on further deals in the future.”
