Terrace Hill has had the planning consents for its retail and leisure scheme at Bishop Auckland and its Sainsbury's foodstore development in Helston, Cornwall, confirmed by the Government Offices for the North East and South West respectively, and ratified by the Secretary of State for Communities and Local Government. As a result, both schemes will now proceed during the course of the next few months.
Bishop Auckland, Co Durham
In Bishop Auckland, Terrace Hill will regenerate land that has been vacant and derelict since the closure of the Warner Electrics facility in 2003 and deliver a 150,000 sq ft retail and leisure park, together with a new stadium for Bishop Auckland FC. The scheme will create approximately 1,000 jobs both during the development phase and once it is fully operational.
The park will include a new 90,000 sq ft Sainsbury's food store, a 58,000 sq ft leisure complex, two restaurants and a brand new Northern Premier League standard stadium for Bishop Auckland Football Club.
Helston, Cornwall
In Helston Terrace Hill has successfully achieved planning for a 55,000 sq ft Sainsbury's food store with petrol station. Sainsbury's will retain the freehold of the scheme.