The Garden & Leisure Group has completed the sale of half of the Percy Thrower's Garden Centre site in Shrewsbury to Waitrose for an undisclosed sum.
The business will continue to trade as usual while the new garden centre, incorporating a 5,000 square metre store, is developed over the next year to eighteen months.
When the new site is open and operational, the old garden centre will be demolished to make way for a new Waitrose store.
Marketing director John Moseley said the demographics between the two businesses worked well.
He said he is working on a canopy for Melbicks and ice rinks, including one at Cadbury that will be covered. Christmas displays are also being developed.
Moseley said it would be a "crazy" time to sell the business because the garden market is in such "disarray" with Dobbies losing its MD and taking Notcutts', following two "of the worst years in garden centre history".