LXB gets planning consent at Banbury Gateway
By BFN News | 08:02 AM | Monday 26 March, 2012
LXB Retail Properties has obtained a resolution to grant planning permission for the construction of the Banbury Gateway Retail Park.
Members at Cherwell District Council have supported the plans, which involve demolishing the existing buildings on the site and redeveloping it to create a 295,000 sq ft shopping park.
The retail park will comprise 10 retail and three restaurant/cafe units, including a 100,000 sq ft anchor store which has been pre-let to Marks & Spencer for a 20 year lease.
The resolution to grant is subject to a number of the usual planning and construction conditions and the signing of a S.106 agreement.
At 8:02am: (LON:LXB) share price was +3.13p at 118.63p
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