Sovereign Land has secured an approval from Telford & Wrekin Council in the UK for the £200m development of Telford town centre.
The proposals will see the 1 million ft² Telford Shopping Centre increase in size by up to 80%, with a net increase of about 400,000ft² of retail and 250,000ft² of restaurants, cafés and bars, plus a cinema and hotel.
As part of the project, the Asda site will be redeveloped and vacated when the supermarket moves to its new location in early 2014.
Designed by the architectural firm Benoy, the project also includes creation of external frontages with new buildings and improved town gateways.
The development will also feature new pedestrian routes and improved links with Telford station and bus services.
The proposals, which will be delivered over a five-year period, forms part of a £450m redevelopment of Telford, including the £250m Southwater scheme that is being constructed by the council and developer Citigrove.
Telford & Wrekin Council leader Kuldip Sahota said Sovereign Land’s vision fits well with how the council wants to see the borough develop as a destination that features a range of employment, leisure, retail and housing, ‘bringing an urban feel to the town centre and complementing the work around Southwater and the Box Road’.
"We are just a few months away from opening the first phase of the £250m Southwater development and Sovereign Land’s investment into the shopping centre will complement greatly Southwater and Telford & Wrekin Council’s vision for growth," Sahota said.
"The fact that Sovereign Land are putting this major investment into Telford shows just how much trust there is in us as a growth point not only regionally but nationally too as part of our ‘Invest In Telford’ work."