UK developer-investor Terrace Hill has been granted planning permission for a £30 mln (€36 mln) regeneration project that will transform a former bus station in the northeastern UK town of Darlington into a leisure complex.
UK developer-investor Terrace Hill has been granted planning permission for a £30 mln (€36 mln) regeneration project that will transform a former bus station in the northeastern UK town of Darlington into a leisure complex.
Terrace Hill intends to commence development of the project, Feethams Leisure, by the middle of next year with completion expected in autumn 2015.
The scheme will be anchored by a nine-screen multiplex Vue cinema and include an 80 bed Premier Inn Hotel, as well as a number of restaurants, bars and shops. Lettings have already been secured to national operators Nandos and Prezzo, with two further restaurant units under offer to other national brands.
Philip Leech, CEO of Terrace Hill, commented: 'We are working on a number of planned leisure development schemes across the UK. Leisure is a sector with strong occupier demand and with regional economies starting to improve we forsee increasing opportunities for us in this area.'
