Terrace Hill has signed a development agreement with Sainsbury’s for a 50,000 sq ft supermarket in Sedgefield, County Durham.
The scheme was granted planning consent last December. Construction will begin later this year for completion by Easter 2013.
Terrace Hill’s supermarket development business has 625,000 sq ft of space in its pipeline, with schemes in Manchester, Bishop Auckland in County Durham, and Helston in Cornwall.
Philip Leech, chief executive of 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.”
daniel.cunningham@estatesgazette.com
