Proposals submitted by NewRiver Retail (NRR) include building over 200,000 sq ft of retail and leisure facilities at the Martlets Shopping Centre in Burgess Hill.
Features include building a ten-screen multiplex cinema, a 63-bed Travelodge hotel, five restaurants, 142 residential units, a purpose-built library, a gym and over 500 car-parking spaces.
In addition, 70,000 sq ft of retail space will also be developed.
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Allan Lockhart, Property Director at NewRiver, said: "We are delighted to have received unanimous support from Mid Sussex's Planning Committee to grant planning permission, marking a major milestone in our £65 million development plans for Burgess Hill which will serve as a catalyst for economic and social regeneration in the area.
"Our proposed plans include pre-lets with some of Europe's best in class retail and leisure operators, and in collaboration with Mid-Sussex District Council, will create a dynamic mixed-use town centre in West Sussex that is fit for purpose for the 21st century. This major development will be delivered in line with NewRiver's risk-controlled development strategy and is expected to generate attractive returns for our investors and a revitalised town centre for Burgess Hill."
Construction will take place on a phased basis, with phase one scheduled to begin in early 2017.
(LM)
