On Thursday 22nd September Monmouthshire County Council and supermarket chain Morrisons signed a lease to finalise plans for a supermarket to be built on the Cattle Market site in Abergavenny. The long awaited agreement will now enable the process to begin.
Cllr Bob Greenland Cabinet Member for Innovation, Enterprise and Leisure said:
“We are pleased to confirm that Monmouthshire County Council and Morrisons have now formally entered into the lease for the site of the Abergavenny Cattle Market to enable the long awaited construction of a new food store in the heart of Abergavenny.
The structure of the agreement is in line with what was previously agreed, however the financial payments have been varied to reflect the change in market conditions since the contract was originally entered into in 2010. A premium of £13,750,000 has been paid and rental payments of £160,000 per annum will be payable from February 2018 for a period of 25 years.
Both MCC and Morrisons are now keen to move the development of the site forward and a planning application for an amended supermarket scheme has been received by our planning authority. The planning team are awaiting additional information and amended plans to support the application, and public consultation will commence as soon as these are received. Our planning officer expects to receive the information and plans in a fortnight and aims to report the application to December’s Planning Committee meeting.”