After receiving planning permission for a nine unit retail scheme in Town Street Stanningley, Leeds, RBS has sold the site to expanding supermarket brand Lidl.
The 4.8 acre brownfield site will see the construction of a 21,300 sq ft discount food store, with a further 23,500 sq ft earmarked for eight other food and non-food retail units.
RBS’s development team brought the scheme forward by engaging and consulting with the local community, garnering support for the proposals, which include improvements to the public realm in the immediate area.
The delivery of the retail scheme will be a catalyst in the overall regeneration of the Town Street area of Stanningley, creating 100 jobs within the community.
Robin Dixon from RBS Real Estate Advisory commented: “We have worked hard to secure the retail planning permission which will now come forward as a Lidl store supported by additional retail operators; there is already strong demand for these units.”
Head of Property for Lidl, Graham Burr, added: “We are extremely pleased to have secured the site, which will be anchored by a new Lidl food store. Work will commence imminently to prepare the site including demolition of the remaining structures.”
Construction will commence in February next year, with opening expected in early 2017. Reesdenton acted on behalf of RBS.
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