Development Securities, together with its partner, Wessex Investors, announces that it has secured Resolution to Grant planning at its 1.5 acre site, Atlantic Park, North Devon, for the development of a 70-bed hotel, pre-sold to Premier Inn, and a drive-through restaurant, pre-sold to McDonald’s.
The new development will be located adjacent to Development Securities’ Atlantic Village, a 110,000 ft² (approx. 10,200 m²) retail scheme which includes Marks and Spencer, Gap and Nike and is anchored by an adjoining ASDA. The development at Atlantic Park will serve to increase critical mass at this leisure and retail destination.
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 ft² (approx. 9,660 m²) extension to Atlantic Village which, once developed, will also increase critical mass.
Source: Development Securities