Development Securities PLC Planning success for Sittingbourne project (5961H)
March 17 2015 - 2:01AM
UK Regulatory
TIDMDSC
RNS Number : 5961H
Development Securities PLC
17 March 2015
17(th) March 2015
Planning consent secured for Spirit of Sittingbourne
Development Securities today announces that the Spirit of
Sittingbourne project, a major town centre mixed-use regeneration
scheme in Sittingbourne, Kent, has received Resolution to grant
planning consent for the first phase of the development.
Phase one of the Spirit of Sittingbourne will bring forward the
development of six sites across the town centre to include a
7-screen cinema, 29,000 sq. ft. of restaurant space and 34,000 sq.
ft. of big box retail. Developed in public private partnership with
a development consortium consisting of Swale Borough Council,
Essential Land and Quinn Estates, the project is set to revitalise
Sittingbourne, providing a catalyst for economic growth and
investment, and creating more than 700 jobs over the life of the
project. Spirit of Sittingbourne is one of the projects acquired as
part of the Cathedral portfolio acquisition.
Richard Upton, Executive Director, Development Securities said:
"Spirit of Sittingbourne is an excellent example of our work in
mixed-use regeneration in collaboration with local authorities and
with this consent to hand we are a step closer to our ambition to
be the public sector's partner of choice for regeneration. We are
delighted to have secured planning consent for this significant
development which will create a catalyst for growth in the town and
we look forward to now delivering the project in partnership with
the consortium."
For further enquiries, please contact:
Rob Pine, ING media
020 7247 8334
Lucy Grimble, Development Securities PLC
020 7828 4777
This information is provided by RNS
The company news service from the London Stock Exchange
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