Development Securities and its partner Wessex Investors have secured resolution to grant planning for a leisure scheme at its Atlantic Park development in North Devon.
The backing from North Devon council, is for a 70-bedroom hotel pre-sold to Premier Inn and a drive-through restaurant pre-sold to McDonalds.
The properties will be adjacent to the developer’s 110,000 sq ft retail project Atlantic Village.
Development Securities said: “The planning progress announced today is a significant part of the overall plan to further enhance the value of these locations and follows on from the recent success in securing planning for a 104,000 sq ft extension to Atlantic Village which, once developed, will also increase critical mass.”
joanna.bourke@estatesgazette.com
