This morning the firm confirmed it was well on track with plans to build a nine-screen cinema, an 80-bedroom hotel and six restaurant units.

Robert Adair, Chairman of Terrace Hill, said: “We intend to submit a planning application shortly with a view to completing the scheme by the end of 2014.

“We are also working on a number of similar leisure development opportunities in other parts of the country.”

The firm also confirmed it would start construction shortly at its Conduit Street office project in Mayfair, London.

Under the plans, two 1960s office blocks will be replaced with a singe, six-storey scheme comprising 22,500 sq ft of offices and 9,000 sq ft of shops.

Picture courtesy of Preconstruct

Reporting strong-half year results, Adair confirmed the developer was pressing ahead with several supermarket plans.

He said that despite the public announcement by Tesco of the slowdown of their expansion of large format stores, there remained good demand from all the main grocery retailers for the right-sized store in the right location.

“There are still large geographical gaps in the portfolios of Sainsbury’s, Asda, Morrisons and Waitrose who are dwarfed by Tesco, which still dominates the UK grocery market with about double the market share of its nearest rival, Asda,” he said.

Terrace Hill expects a planning application for a 99,653 sq ft Sainsbury’s at Herne Bay in Kent to go before the planning committee in the summer this year.

On Teesside it plans to submit a planning application in the middle of June for a 125,000 sq ft Sainsbury’s store along with a public house for Marston’s, a KFC and a coffee bar.

At Midsomer Norton in Somerset and Prestwich in Greater Manchester the firm is holding discussions with occupiers with a view to submitting planning applications later in the year.