Warner Estate has signed a 34,218 sq ft Waitrose unit in Weston-super-Mare, subject to planning approval by North Somerset Council.
The council is expected to give its decision in January. It will be the Weston Super Mare’s first Waitrose, but the fifth in Somerset.
The retail unit, with parking for 164, would join Warner Estate’s Wholly-Owned portfolio on the Winterstoke Trading Estate on a 36-year lease.
Waitrose plans to start work on converting the units next April and to open in summer 2009.
Up to 160 job opportunities would be created locally.
Michael Stevens, property director at Warner Estate said: ‘This substantial letting has been agreed on a 36 year lease and is the culmination of asset management activity following Warner Estate’s purchase of the site in 2007. We are pleased to be able to welcome Waitrose to Weston-super-Mare for the first time; the letting is great news for the town and the wider community.'