17th Mar 2015 09:26
LONDON (Alliance News) - Development Securities PLC Tuesday said that planning consent has been secured for the first phase of a town centre mixed-use regeneration scheme development in Kent, England.
In a statement, the company said that the first phase of the so-called Spirit of Sittingbourne project will bring forward the development of six sites across the town centre to include a seven-screen cinema, 29,000 square feet of restaurant space and 34,000 square feet of big box retail.
The project is being developed in public private partnership with a consortium comprised of Swale Borough Council, Essential Land and Quinn Estates.
"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," Richard Upton, executive director, said in a statement.
Development Securities shares were down 1.1% at 230.55 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
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