HSBC to part-fund £65m Tatton services
Summary
Westmorland Farmshop & Co has secured funding from HSBC UK to support the £65m Tatton Services scheme on the M56 in Cheshire. The development, which includes a large amenity building, hotel and fuel station, was approved after a planning inquiry that considered Green Belt and grey belt issues.
Why it matters
The article is relevant to surveyors because it highlights how planning policy, Green Belt classification and inquiry decisions can determine the viability of major roadside and commercial schemes. It also shows continued lender support for large mixed-use service developments, which may influence comparable valuations and development appraisals.
Key points
- HSBC UK is part-funding the Tatton Services development.
- The scheme is a £65m motorway services project near Junctions 7 and 8 of the M56 in Cheshire.
- Plans include a 68,000 sq ft amenity building, 100-bedroom hotel and filling station.
- The project was approved after a planning inquiry, with the inspector finding the site met the definition of grey belt.
- The development is expected to open in spring 2028 and create jobs and local economic activity.
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