Sigma Capital, the Edinburgh-based investment manager in which Sir Tom Hunter holds a 22 per cent stake, has been given the go-ahead to build a £9 million health centre and shopping development in Salford.
Gaining planning permission for the project will trigger a £300,000 payment to Sigma through its InPartnership division, which it bought from Hunter last year.
The site will include a Tesco convenience store and a doctors’ surgery, dental practice, pharmacy and opticians’ outlet.
Graham Barnet, chief executive of Sigma, said: “We have made great progress this year with the Salford Partnership, one of our three council partnerships, and the grant of detailed planning consent for this major healthcare and retail scheme represents further momentum.
“We have engaged with a specialist medical facility developer to deliver the project and construction will be starting shortly. I am pleased to report we are also advancing other sites.”