Builders merchant Travis Perkins is building a new flagship site in Cheltenham and closing its Gloucester Road site.
Travis Perkins has owned the site since 1999, when it bought Sharpe & Fisher for £76m. It plans to have its new premises on Tewkesbury Road open by October of this year.
David Sargentson, Travis Perkins’ regional director, told the Gloucestershire Echo that the Gloucester Road site would be redeveloped for housing.
“It’s one of the biggest relocations we’re doing this year as a company. We didn’t need a site that was as big as the Gloucester Road one. It was quite sprawled out. We were looking for a site where we could design something that is a modern builders’ merchants.”
He said other benefits of the new location would be that it is part of an established trade area of Cheltenham – as opposed to the mostly residential Gloucester Road – and is close to the M5 motorway.
The other Cheltenham branch in Mead Road, Leckhampton, will be staying open.