New £125m Didcot town centre regeneration deal agreed
A new £125m deal has been signed to continue a regeneration programme of Didcot town centre in Oxfordshire.
Phase two of the Orchard Centre, which opened in 2005, will see a new shopping complex built on a 10-acre site next to the current centre.
The plans will see the current retail space doubled and also include restaurants and leisure facilities.
South Oxfordshire council has signed a deal with developer Hammerson and a planning application is being drawn up.
The first phase of the town centre complex opened four years ago and already has more than 30 stores and a cinema.
Simon Betty, development executive for Hammerson, said: "The current Orchard Centre, which we have managed for four years, is 100% let and trading well and we are confident in Didcot as a location to invest in.
"We have chosen Didcot because of its enviable location and positive attitude.
"This scheme will put Didcot on the map as a great place to shop and socialise."
Councillor Ann Ducker, leader of South Oxfordshire council, said: "At a time when many developments are paused because of market uncertainty Didcot is thriving.
"This will be a much improved town centre, with restaurants, cafes and a wide range of shops that will mean residents of all ages will find what they need in Didcot."