Development Securities secures grant planning for redevelopment in Littlehampton

Development Securities PLC has secured a resolution to grant planning for a food store-anchored mixed use scheme at the seven acre Wick Site in Littlehampton. The site currently comprises a number of vacant office and warehouse buildings. Subject to the signing of the S106 agreement, the redevelopment will include a 47,500 sq ft Morrisons food store, a petrol station and car parking.

Development Securities acquired the Wick Site, the former headquarters of The Body Shop International Plc, in June 2010. Conditional contracts were exchanged on 21st April 2011 for the sale of the food store to Morrisons.