Retail developer Forrest Developments has been granted planning consent for its £20m Castle Retail Park scheme in Stirling, Scotland.

Glasgow-based Forrest Developments says the 75,000 sq ft retail park scheme, which is in the Raploch area of Stirling and next to a Sainsbury’s supermarket, will create 150 jobs.

It has already secured retailer TK Maxx which is taking half of the scheme, which will also include a 25,000 sq ft mezzanine level.

Subject to Ministerial approval of the planning consent it is aiming to open in the summer of 2009.

‘This is a significant, privately-funded chunk of business and one of the few planning consents of its type granted this year,’ said Donald Stewart, managing director at Forrest Developments.

‘We have enjoyed great success specialising in out of town retail and leisure developments and we remain committed to that business, committed to investing in the Scottish property market and investing in Scotland.’