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Mon May 20 2024

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Supermarket schemes set to start

12 Jun 12 Terrace Hill, the property developer that specialises in building supermarkets, is set to start construction on two major schemes in the next few weeks.

Construction work starts this month on a £13.5m Asda store in Skelton, East Cleveland after seeing off a legal challenge from the Co-op.  Detailed planning permission for this 41,800 sq ft development was secured in October 2011, prior to the judicial review.

Construction is also expected to start ‘in the middle of the year’ on a 48,786 sq ft Sainsbury's foodstore with a petrol filling station on a 7.1 acre site in Sedgefield, Co. Durham. Funding negotiations are now well advanced, the developer said. Completion is scheduled for spring 2013.

Five other schemes are in planning stages.

Altira Park, a seven acre site on the edge of Herne Bay in Kent, is being lined up to become a 95,239 sq ft Sainsbury's store. Terrace Hill intends to submit a planning application towards the end of this year and aims to complete the development in mid-2014.

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Progress towards the submission of a planning application for a Sainsbury's scheme in Middlehaven, Teesside has proved slower than expected, but is on course for submission by the end of this year. The developer has also agreed terms for the sale of land to a pub operator and two fast food outlets on the balance of this 16 acre site.

Terms have been agreed with a retailer for the sale of a site in Hyde, Greater Manchester, subject to Terrace Hill obtaining a detailed planning consent for their use. A planning application will be lodged in the next few months.

A planning application for a site in Prestwich, Greater Manchester, is also expected to be ready for submitting by the end of this year.

Finally, Terrace Hill has been selected by Cornwall Council to be its partner in the redevelopment of a site close to the centre of St Austell. Terrace Hill is proposing a large foodstore development, likely to be either Morrisons or Sainsbury's. The developer anticipates making a detailed planning application this autumn.

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