Full planning permission has been granted for a brand new designer outlet village to be built in Lincolnshire.
The new retail destination, situated close to the A1 on the southern edge of Grantham, will be built by designer outlet village specialist Rioja Developments and property investment business Buckminster.
Costing £100 million, the outlet centre will have a footprint of 270,000sq ft and feature 130 luxury retail outlets, landscaped grounds, cafes, restaurants, 1800 parking spaces and a visitor and tourism centre.
It is slated to open in the spring of 2021, and is expected to attract 3.5 million visitors per year as well as create 1500 jobs.
Additional plans for the development include easy access to the A1 and a bus service to connect to the railway station and Grantham town centre.
“Grantham Designer Outlet presents a unique opportunity for premium brands to bring their outlet offerings to an affluent audience that currently lacks easy access to this kind of retail destination,” Rioja Development managing director Giles Membrey said.
“It is one of the last gaps in the market for a premium outlet village of this size and may well be the last of this style to be developed in the UK.”
Buckminster managing director Stephen Vickers added: “The outlet village will be an ideal partner to the town centre, attracting visitors from further afield and, in turn, helping to drive a new audience into the town.”