Warner Estate Holdings has signed Waitrose as the food store anchor for its proposed Waterside shopping scheme in Aylesbury.
Waitrose has signed up for a 30,900 sq ft store on a 20 year lease.
Warner Estate plans the scheme to link with its existing Hale Leys shopping centre and it will include an 80,000 sq ft Debenhams department store and 30 shops as well as restaurants and cafes.
The letting to Waitrose, subject to planning permission, follows the signing of the formal development agreement between Warner Estate and Aylesbury Vale District Council.
The Waitrose food store, to sit opposite the theatre in the town, will help to extend the retail heart of the town towards the south side of Exchange Street.
Mike Stevens, property director at Warner Estate, said: ‘This latest signing is a great step for Waterside Shopping. Waitrose will provide a real draw for shoppers to the town and will significantly enhance this side of Exchange Street. We continue to progress our proposals in advance of submitting a planning application in the coming months.’
Nigel Keen, Waitrose director of development, said: 'We are delighted to have signed an agreement which, subject to planning permission being granted, commits us to the scheme put forward by Warner Estate. It offers Waitrose a fantastic opportunity to contribute towards the regeneration of an important part of Aylesbury and we firmly believe that a Waitrose food shop will help add to the vibrancy of the area as well as providing more choice for the local community. Waitrose places great value on becoming part of a town's fabric and will continue to work hard with the developer to ensure the application submitted is one that best meets the needs of Aylesbury.'
Waitrose’s planned opening will build on the supermarket’s ambitious expansion plans.
Warner Estate was advised by Cushman & Wakefield and Green and Partners.