The firm’s pipeline of work with Sainsbury’s grew today when it announced it had signed up the chain for a 50,000 sq ft store with 322 parking spaces in Sedgefield.
The development was awarded planning permission by Durham County Council in December 2011, following a public consultation process that showed very high
Construction work on the Sedgefield development will start later this year, and is expected to be completed by Easter 2013, resulting in the creation of approximately 250 permanent jobs in the local area.
The firm is also expected to invite bids shortly for a 60,000 sq ft Sainsbury’s in Sunderland at Riverside Road, estimated to have a development value of£48m.
Work on this store is expected to get underway within the next couple of months
Over the last 24 months the developer has completed three large foodstore schemes at Bishop Auckland, Manchester and Helston and its current committed programme will deliver approximately 652,000 sq ft of new foodstore space, with a substantial pipeline of further development sites in place.
Philip Leech, Chief Executive at Terrace Hill, said: “We continue to see good levels of activity in the foodstore sector and we expect the growth of our foodstore development pipeline to deliver significant returns for the business.”