10. März 2010 
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Terrace Hill acquires two new sites for supermarket developments
Terrace Hill Group has exchanged conditional contracts to acquire two new sites for supermarket developments, located in Sunderland and in Whitchurch, Shropshire, and also submitted a planning application to redevelop Heaton Park Retail Park in Manchester.
Sunderland
Terrace Hill has exchanged conditional contracts to acquire a six acre site in a prominent location in Sunderland and a planning application for a 60,000 sq ft supermarket will be submitted shortly. Pre-letting discussions are at an advanced stage with a major supermarket operator.
Whitchurch, Shropshire
The Company has also exchanged conditional contracts to acquire a nine acre site in Whitchurch, Shropshire which it intends to develop into a 40,000 sq ft supermarket. Terrace Hill is currently in negotiations with potential supermarket tenants for the site and will submit a planning application later this year.
Heaton Park, Manchester
Terrace Hill has submitted a planning application to redevelop Heaton Retail Park in Manchester and the adjoining existing Sainsbury’s supermarket into a 80,000 sq ft Sainsbury’s superstore, together with three smaller retail units.
Sunderland
Terrace Hill has exchanged conditional contracts to acquire a six acre site in a prominent location in Sunderland and a planning application for a 60,000 sq ft supermarket will be submitted shortly. Pre-letting discussions are at an advanced stage with a major supermarket operator.
Whitchurch, Shropshire
The Company has also exchanged conditional contracts to acquire a nine acre site in Whitchurch, Shropshire which it intends to develop into a 40,000 sq ft supermarket. Terrace Hill is currently in negotiations with potential supermarket tenants for the site and will submit a planning application later this year.
Heaton Park, Manchester
Terrace Hill has submitted a planning application to redevelop Heaton Retail Park in Manchester and the adjoining existing Sainsbury’s supermarket into a 80,000 sq ft Sainsbury’s superstore, together with three smaller retail units.
