It has been bullish on the broader market's long term prospects since first investing in land at the end of 2009, says Michael Barr, a Paulson portfolio manager.
Douglas Wilson, corporate manager for Tesco, said it was awaiting the outcome of the sale of the land but remained optimistic it could build in the town.
It was a dismal start for Everton manager David Moyes and chairman Bill Kenwright, who have come under fire for their failure to land a single new player this summer.