Drum Property Group is to invest £100m to expand its Prime Four business park in Aberdeen.
Drum has submitted plans to City of Aberdeen Council for a 320,000 sq ft retail development, with a supermarket, next to the business park in Kingswells.
Next has signed subject to planning permission, with another high street brand expected to follow.
Graeme Bone, Drum group managing director, said: “As well as jobs, new services and retailer brands, a development of this size will have a significant positive economic impact on the area at a very challenging time for the North East economy.”
A spokesman for Next said: “Next is currently looking to increase its footprint in Aberdeen, and the site at Prime Four would really complement our existing in-town outlets, providing the brand with a strong ‘bricks and mortar’ presence in north-east Scotland.”
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