Terrace Hill Group PLC Planning consent for Darlington leisure scheme (9177V)
December 19 2013 - 2:00AM
UK Regulatory
TIDMTHG
RNS Number : 9177V
Terrace Hill Group PLC
19 December 2013
19 December 2013
TERRACE HILL GROUP PLC
("Terrace Hill" or the "Company")
TERRACE HILL SECURES PLANNING CONSENT FOR GBP30 MILLION
FEETHAMS LEISURE SCHEME IN DARLINGTON
Terrace Hill, a leading UK property development and investment
group, announces that Darlington Borough Council's Planning
Committee has granted planning permission for Feethams Leisure, a
GBP30 million project that will regenerate a 1.9 acre former bus
station in Darlington town centre into a cinema, hotel and
restaurant complex. As a result of the decision, Terrace Hill
intends to commence development by mid next year with completion
expected in autumn 2015.
The scheme, which will create around 500 new jobs, 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, Chief Executive 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. Our network of regional offices
also gives us unique insight into this market."
-Ends-
For further information please visit www.terracehill.co.uk or
contact:
Philip Leech/Jon Austen Tel. 020 7631 1666
Terrace Hill Group PLC
David Arch/Mark Young Tel: 020 7710 7600
Oriel Securities (Nominated Adviser)
Richard Sunderland/Will Henderson/Nick Taylor Tel: 020 7831
3113
FTI Consulting terracehill@fticonsulting.com
Notes to editors: Terrace Hill Group
Terrace Hill Group PLC is a regionally based UK property
development and investment group quoted on AIM. Formed in 1986, the
Company has five offices located in London, Glasgow, Teesside,
Bristol and Manchester.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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