Livestock Market site, Louth
We have recently marketed the Livestock Market site in Louth as available for redevelopment. This was a repeat of the previous marketing exercise that took place in 2013/14.
The ADV partnership has been selected as preferred bidder for the site and is a joint venture between Arke Developments and VINCI Development UK.
Due to the nature of the bid and the proposals submitted by ADV, we have asked the partnership to do further work on their proposal over the coming weeks.
ADV has said it will be developing a proposal that aims to generate an increased footfall in the town centre and create new jobs.
Once the work is completed by ADV, it will be for the Council to decide whether or not it wishes to agree a conditional sale of the site. If a conditional sale is agreed, ADV will undertake widespread local consultation on its proposed scheme.
Following the initial marketing exercise in 2013/14, Council in July 2014 accepted a bid for the site from McLagan Investments Ltd C/O ASDA Stores Ltd, subject to contract and planning. That bid was subsequently revised and as a result the sale wasn't progressed.
The marketing exercise in 2015 was again undertaken by Chase and Partners.
For the past year we have been working closely with Architects to develop proposals for what a new Livestock Market might look like and the facilities it would offer. A site has been identified on Bolingbroke Road on the Fairfield Industrial Estate and this site is in our ownership. We continue to work towards the commitment that if the existing Livestock Market site were to be redeveloped then a replacement facility would be made available before the existing site ceased to operate. Louth Market Auctioneers have operated the Livestock Market in Louth since 1999, following a successful tender submission. Given the potential for a new Livestock Market facility to be developed it would seem an opportune and appropriate time to re-test the market for potential operators. Expressions of interest will be sought in due course.