Resolution to grant planning permission

22 October 2014

Urban&Civic plc

URBAN&CIVIC RECEIVES RESOLUTION TO GRANT PLANNING PERMISSION FOR NEW FOODSTORE AND INDUSTRIAL DEVELOPMENT IN HERNE BAY, KENT

Urban&Civic plc, via its experienced leisure and retail subsidiary, Terrace Hill, received provisional resolution to grant planning permission last night (Tuesday 21 October) for a 99,659 sq ft foodstore and petrol filling station, along with 32,000 sq ft of industrial development at Altira Business Park in Herne Bay, Kent, from Canterbury City Council. Both the new superstore and petrol filling station are pre-let to Sainsbury's. The intention is to speculatively develop 20,000 sq ft of industrial space ahead of the completion of the foodstore.

The planning application will now be referred to the Department of Communities and Local Government, following which the Local Authorities' recommendations should be approved within 21 days. The consent is also subject to completion of Section 106 and 278 agreements. Following the receipt of full consent, the Group will either build the development itself or in joint venture with a partner. Works are expected to begin early next year with completion expected in early 2016.

Philip Leech, Property Director for Urban&Civic, said: "We have worked closely with Canterbury City Council and local business groups to ensure that this scheme has a positive impact on the town of Herne Bay, and I would like to thank the local community for their sustained support throughout the planning process.

"The new scheme will create a large number of new jobs for Herne Bay, as well as providing significant investment into the local area."

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