Hammerson and Town Centre Securities' plans to regenerate a major site in the centre of Leeds with a million-sq ft retail-led scheme have taken a step forward. Leeds City Council has passed a resolution to grant outline planning permission for the development.
The £675m Eastgate & Harewood Quarters project is to be developed in a 90:10 joint venture between Hammerson and Leeds-based property company Town Centre Securities. The scheme will be anchored by a 260,000-sq ft John Lewis store and will include over 100 retail units, restaurants and bars, a hotel, office accommodation, up to 600 new homes and 2,700 associated car parking spaces.
The council decided to give the scheme the go-ahead following an extensive three-year public consultation programme. It is anticipated that construction will begin in 2009, with completion in 2012.
Edward Ziff, chairman and chief executive at Town Centre Securities said: "This is great news for Leeds and we are very pleased to receive the backing of the City Council for this important project. The regeneration of the Eastgate & Harewood Quarters will bring a rundown area of the city into public use, by providing a fantastic living, working and recreational environment which reflects the needs and aspirations of the people of Leeds."
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