Wykeland Expands Grimsby Portfolio with New Acquisition and Tenant

Deal News | Apr 07, 2025 | B Daily

Wykeland Expands Grimsby Portfolio with New Acquisition and Tenant

Wykeland Group, a property developer based in Hull, has acquired the former Ramsdens Superstore site in Grimsby and is set to rejuvenate it with new commercial developments. The deal includes the sale of a parcel of land to Farmfoods, a UK frozen food retailer, which plans to build a 15,000 square foot store, contingent on planning permission. This development is projected to create around 20 local jobs. Wykeland plans to invest approximately £100,000 in structural improvements to the site, now known as Ramsden Park, particularly in buildings facing Cleethorpe Road. The developer is also actively seeking additional investors to further regenerate this strategic location, which is an important corridor connecting Grimsby and Cleethorpes. Previously, Wykeland introduced a Starbucks to the area and continues its engagement in local development through projects like the Europarc business park.

Sectors

  • Real Estate Development
  • Retail

Geography

  • United Kingdom – The activities and development described in the article are taking place in the UK, specifically in Grimsby and Hull.

Industry

  • Real Estate Development – The article discusses the acquisition and development activities of Wykeland Group, a property developer, which is indicative of the real estate industry.
  • Retail – Farmfoods' planned new store on the acquired site falls under the retail industry, specifically the frozen food sector.

Financials

  • £100,000 – Investment by Wykeland Group for site improvements at Ramsden Park.

Participants

NameRoleTypeDescription
Wykeland GroupDeveloper and InvestorCompanyA Hull-based property developer involved in acquiring and refurbishing the former Ramsdens Superstore site.
FarmfoodsRetail TenantCompanyA UK-based frozen food retailer planning to open a new store at the acquired site.
Ramsden GroupSelling CompanyCompanyPrevious owner of the site acquired by Wykeland Group.
Jonathan StubbsDevelopment Director at Wykeland GroupPersonResponsible for overseeing Wykeland's development projects, including the Grimsby acquisition.