Plans for the Altair development, which includes shops, homes and offices, were approved by Trafford Council.
Nikal said its scheme would complement the £19m transport interchange scheme that is being developed in the town. The Altair scheme is situated on the 4.5 acre site between Tesco and Altrincham leisure centre, alongside the interchange, to become a new gateway into the bus, tram and train station.
The planning permission granted by Trafford Council includes a new leisure centre; a range of leisure-based retail outlets, restaurants, coffee shops and cafes; a tenpin bowling alley; 150 new apartments and townhouses, as well as a office space and a car park.
Nikal managing director Nick Payne said: “We’ve had a vision to regenerate this brownfield site for many years and it’s tremendously exciting to be taking the next steps with the support of the council.
“It’s a promising time for Altrincham; the refurbishment of the interchange is underway, there are new plans to revitalise the marketplace and now Altair. All these schemes will help rejuvenate the town and bring people and trade back into the area, as well as creating new jobs. In particular, Altair will focus on enhancing Altrincham’s hospitality offering, creating a vibrant leisure area, linking sport with eateries.
Planning consultant for the scheme was Manchester firm How Planning.