Green light given for £200 million Telford redevelopment
Believed to be one of the largest UK retail property planning consents of this year, the scheme will include 400,000 sq ft of new retail space and 250,000 sq ft of restaurants, cafés as well as a new cinema and hotel.
It is estimated that the development, which will take five years to complete, will create up to 3,000 permanent new jobs and more than 1,000 construction jobs.
Sovereign Land, which asset manages the scheme, worked with Telford & Wrekin Council to ensure that the development matched the local authority’s vision for the revitalisation of the town.
Work on the first phase of the development is due to start in Spring/Summer 2014.
Tim Binnington, chairman of Sovereign Land, said: “Great things are happening in Telford and our project is a vital part of the council’s wider strategy for creating an exciting new future for one of the UK’s important New Towns.
“Our development team – architects Benoy and planning consultants G L Hearn – worked hard to align the masterplan with the Council’s wider strategy and achieve a critical mass that will pull in shoppers and other visitors from across a wider catchment area.”
“The planning application was submitted on at the beginning of August and consent was granted just 11 weeks later, reflecting the validity of this approach and the high level of support received from the public and other stakeholders in the town.”
The first phase, The Northern Quarter site, will be freed up for development when Asda relocates to a new store nearby in Spring 2014.
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