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WSB Advise on £30m Darlington leisure complex

wantspacegotspace.co.uk - WSB Advise on £30m Darlington leisure complexNational developer Terrace Hill, advised by Leeds based WSB Property Consultants LLP, has signed an agreement with Darlington Borough Council to redevelop a 1.9 acre former bus station in Feethams, Darlington, into a new £30m leisure complex. 

The 140,000 sq ft Feethams leisure scheme will be anchored by a nine screen multiplex cinema and an 80 bedroom hotel, as well as a number of restaurants, bars and shops. A planning application will be submitted early in the New Year and it is anticipated that the scheme will be completed and operational by December 2014. 

Duncan McEwan, Head of Retail and Leisure Development commented: “We are delighted to have been selected as the Council’s preferred development partner for this scheme. Given our regional office base in Teesside and our successful track record of delivering commercial developments throughout the North East Region, we feel we are well placed to deliver this exciting scheme in Darlington”. 

Terrace Hill is in advanced discussions with VUE Entertainment for the cinema element of the scheme and with Whitbread for the 80 bedroom hotel and family restaurant. Terrace Hill has also received strong interest from a number of national, as well as independent restaurant/leisure operators with regard to the remaining space. 

Adam Mobley, Partner at WSB Property Consultants LLP who has advised Terrace Hill through the masterplanning stages and is the retained agent for the scheme commented “We have worked extremely hard to reach this stage in the process with significant interest already being expressed by a range of leisure operators who recognise the significant consumer demand that exists in Darlington that the Feethams scheme can satisfy. We aim to create a leisure destination that the town can be proud of.”

Posted by The Editor (wantspacegotspace) on 3rd December 2012 (updated 04/12/2012)

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