The Crescent, Hinckley regeneration scheme has today received the go-ahead from the Secretaries of State, who have confirmed both the Compulsory Purchase Order and the linked Highway Stopping Up Order.
Developers, The Tin Hat Regeneration Partnership a joint venture between Wilson Bowden Developments Ltd and Ashcroft can now secure all the land on the site for the £80million scheme due to start later this year, following a public inquiry that was held last November.
The 260,000 sq ft scheme will include 24 new retail and restaurant units as well as a 110,000 sq ft Sainsbury’s food store and a five screen Cineworld cinema, in addition to a 546 space undercroft car park and a new bus station.
The joint letting agents Strutt & Parker and Cushman & Wakefield will be announcing the names of other retailers to occupy the scheme over the next few months. The development of the Hinckley Bus Station site will see the regeneration of the town centre, creating 600 new jobs by the end of 2014.
Council Leader Stuart Bray said: “This is fantastic news for the town and means we shall soon start to see things happening. The exciting new shopping and commercial scheme will give the town centre a further boost, thanks to a superstore, cinema, fashion shops, family restaurants and a major new shoppers’ car park alongside a re-designed bus station. We are now looking forward to working with the developer on the construction programme.”