Peel Holdings has been given the green light from planners for a £500m retail scheme at Torremolinos on the Costa del Sol.

The project, to be called the Trafford Centre Espana, will be developed on an 80-acre site and work will begin next year ahead of a 2011 completion. It will include 1m sq ft of retail, a cinema and various hotels and residential elements.

The development, which will be themed along the lines of the Trafford Centre in Manchester, will be led by director Lindsey Ashworth, one of Peel founder John Whittaker's lieutenants.

Whittaker purchased the land for the development in 1980s.