The 140,000 sq ft leisure scheme in Feethams, Darlington, will be anchored by a nine screen multiplex cinema and include an 80-bedroom hotel, as well as a number of restaurants, bars and shops.
Terrace Hill has secured an agreement with VUE Entertainment to operate the cinema, and is in advanced discussions with Whitbread who want to operate the 80-bedroom Premier Inn hotel.
The property group has already received strong interest from a number of national restaurant and leisure chains. At present, the operators are not represented in the town, with the multi-million scheme providing an opportunity to bring their brand to Darlington and help the local economy.
Philip Leech, Chief Executive of Terrace Hill, said: “Having made the strategic decision to increase Terrace Hill’s focus on development, thereby better utilising our core expertise, we are very pleased to have been appointed by Darlington Borough Council to develop this important new scheme.
Councillor Bill Dixon, leader of Darlington Borough Council said: “This is excellent news for the Borough. There has been a lot of detailed negotiation around this development and I believe that the Council has chosen the best scheme for the site.
“The news is clear evidence that Darlington can attract a first class development of this kind and that there is confidence in the business world in what the Borough has to offer. Once complete it will be a welcome addition to the already strong culture and leisure offer in the town centre.”
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