Council could buy Next development

Council could buy Next development

Council could buy Next development

First published in News

A COUNCIL says it is considering buying the store which will be built by Next on the current Cressex Park and Ride site.

Wycombe District Council said it is looking at the possibility of purchasing the store when it is built and leasing it back to the retailer.

The authority said: “We are considering acquiring the development to be undertaken by Next, with the benefit of a lease back to them, as a let investment.

“The value of the completed property has yet to be determined and as a proposed commercial transaction, our thoughts and discussions on this have to remain confidential at this stage.”

The existing Crest Road site will effectively be split into two parts when work to set-up an interim park-and-ride begins. WDC said this could be as early as next week and will take up to eight weeks to complete.

Construction on the two storey, 4,636 square meter Next at Home store will begin once the temporary park-and-ride facility has been finished.

The park-and-ride is expected to have a permanent home at the Handy Cross Hub project, which includes a new sports centre, a hotel, offices and a food store – strongly rumoured to be Waitrose.

Comments (5)

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6:38am Wed 30 Apr 14

1wycombe says...

whats going to happen one in town?..
whats going to happen one in town?.. 1wycombe
  • Score: -4

11:10pm Wed 30 Apr 14

JustJus says...

1wycombe wrote:
whats going to happen one in town?..
Nothing. The one in Cressex will be a Home & Garden Next and will not sell clothes.
[quote][p][bold]1wycombe[/bold] wrote: whats going to happen one in town?..[/p][/quote]Nothing. The one in Cressex will be a Home & Garden Next and will not sell clothes. JustJus
  • Score: 2

6:13am Thu 1 May 14

1wycombe says...

next should move out from EDEN and have a super store up there and free parking there just like john lewis it costs fortune parking at eden.
next should move out from EDEN and have a super store up there and free parking there just like john lewis it costs fortune parking at eden. 1wycombe
  • Score: 0

7:06pm Thu 1 May 14

townraider says...

This council is quick to buy shops but wont support its existing community centres and looks to sell them off -- Like Reggie Groves !!!
This council is quick to buy shops but wont support its existing community centres and looks to sell them off -- Like Reggie Groves !!! townraider
  • Score: 3

9:51pm Thu 1 May 14

Undercover Euro Yob says...

townraider wrote:
This council is quick to buy shops but wont support its existing community centres and looks to sell them off -- Like Reggie Groves !!!
I thought that too and it is symptomatic of a larger malfunction - things that should be dealt with by government, using public money, are sold at knockdown prices for the sake of 'efficiency' and then give an inferior service to the public at a profit to their shareholders.
[quote][p][bold]townraider[/bold] wrote: This council is quick to buy shops but wont support its existing community centres and looks to sell them off -- Like Reggie Groves !!![/p][/quote]I thought that too and it is symptomatic of a larger malfunction - things that should be dealt with by government, using public money, are sold at knockdown prices for the sake of 'efficiency' and then give an inferior service to the public at a profit to their shareholders. Undercover Euro Yob
  • Score: 3

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