Nikal has secured an approval from Trafford Council in the UK for its £70m Altair mixed-use development in Altrincham, Cheshire.
The development will feature a new leisure centre, shops and restaurants, which are planned to be constructed on a 1.8ha site in Altrincham town centre.
Plans also include 35,000ft² of office space, 150 residential units and around 15 retail units, a tenpin bowling alley and a car park.
The proposed project will be situated alongside the town’s ice rink, which will remain in its current position, and a new £19m transport interchange that is currently being constructed.
Construction work on the scheme is anticipated to start in early 2014 and will be completed by 2017.
Nikal managing director Nick Payne said the company had a vision to regenerate the site for many years and the council’s approval will take the scheme to further stages.
"It’s a promising time for Altrincham; the refurbishment of the interchange is underway, there are new plans to revitalise the marketplace and now Altair," Payne said.
"All these schemes will help rejuvenate the town and bring people and trade back into the area, as well as creating new jobs."
Payne noted that the new office space will attract further investment from businesses currently located outside the town and borough and the apartments as well as townhouses will create new housing opportunities in the area.
Manchester-based How Planning is serving as the planning consultant for the project.
Image: The Altair development will feature a new leisure centre, shops and restaurants. Photo: Courtesy of Nikal.