ING Real Estate has been granted a three-year extension to its planning consent for the long-awaited Northgate retail development in Chester.
Cheshire West and Chester council agreed to the extension but declined to grant ING the five-year extension it initially proposed.
ING brought Land Securities on board to partner it on the scheme last February.
ING had initially been due to start on site with a £300m, 440,000 sq ft project in 2007.
It is now working on a scaled-down proposal.
A council spokesman said: “Several members voiced support for the three years recommended, rather than the five requested, as there was a need to provide commercial certainty to businesses occupying and prospectively occupying the land affected.”
daniel.cunningham@estatesgazette.com
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