The owners of land which developers are fighting to get their hands on say it isn't for sale at the moment, despite being offered millions of pounds for it.

There has been speculation that the 26 acres of land owned by Bradley and Kathrina Ring, opposite Looe Community School, could be sold to supermarket giant Tesco.

The couple have been speaking exclusively to the Cornish Times and have confirmed that no money has been offered from a supermarket in the last year, but say they have been inundated with interest from developers, since they bought the land more than 15 years ago.

'I don't want to sell it and I have no intention to sell it,' said property developer Bradley Ring.

'All supermarkets want to get their hands on land in Looe because it would be of great benefit to them.'

Mr Ring who lives in Spain for much of the year and owns many properties there, has been offered £250,000 per acre in the past for his land, amounting to £6.5m.

'I have refused everything chucked at me at the moment,' he said.

'Everybody has a price, but at the moment I am happy where I am.

'This land was bought to enjoy. all I wanted was a Cornish barn.

'Developers and their agents have begged us to sell.

'I have been approached verbally and in writing on numerous occasions.

'I will fight tooth and nail.

'I like it, my wife likes it and my kids like it.

'A lot of people don't want the valley destroyed and I am one of them.'

Kathrina Ring said: 'There are 26 acres and developers have offered us millions of pounds for them.

Divided

'It is known as the ransom strip and Looe Town Council has known about it for years.'

Suggestions that Tesco was interested in the land have divided the town and many independent businesses think it would be a bad move.

Any development is likely to need a wealth of infrastructure built to support it, including new roads.

'Twelve years ago I was in major talks to sell the land for £250,000 an acre,' said Bradley.

'I decided that I thought it was worth more and I still do.'