Simons Estates and Barclays de Zoete Wedd Property Investment Management have been granted planning consent for a 195,000 sq ft (18,115m2) shopping development in Lincoln city centre.
Debenhams is believed to be taking a 92,000 sq ft (8,546m2) store within the £40m scheme, known as St Mark’s East.
The mixed-use development will also provide student housing for the city’s new university, as well as unit shops, leisure facilities, offices and parking.
Other works will include restoration of the listed station building and the creation of a new town square.
Simons managing director Philip Hodgkinson said: “The scheme creates a new piece of townscape for the city . . . and should attract more visitors. It will also create more than 350 new jobs.”
The development will join up with the existing St Mark’s West, 150,000 sq ft (13,935m2) of retail warehousing completed in 1994. The combined total of the two schemes will be 345,000 sq ft (32,050m2). DTZ Debenham Thorpe is the letting agent on St Mark’s East.
The agent is also working with the city planners on outstanding matters related to car parking.
