Plans submitted by British Land and the Universities Superannuation Scheme (USS) were approved by the council’s development control committee last night (Thursday 25th May).
The development includes 380 homes, office space, a new shopping centre, a cinema, public car parking, as well as creating public spaces and remodelling the memorial gardens.
David Cunningham, councillor responsible for regeneration, said: “This development is a major boost for Kingston and its future prospects. Attracting over £400m of investment into our town centre marks a significant vote of confidence in the future direction of our borough and provides a regenerated new shopping centre as well as much needed housing.
“We will be working hard with the developer over the coming months to ensure they continue the very good work they have done on engaging with Kingston residents as they seek to build this scheme.”