The 150,000 sq ft scheme at the heart of one of England’s largest army bases will include a 60-bed hotel, five major shops and a five screen cinema.
The proposed development, subject to a 106 agreement, will be undertaken on land currently owned by the Ministry of Defence and will transform a former sports ground on Gough Road.
Jonathan Hart, chief executive at Lingfield Securities, said: “The scheme will significantly boost the local economy by creating a variety of employment opportunities, as well as providing high quality leisure and retail facilities for the people of Catterick.”
Tom Gilman, director at Kier Property, said: “This is an important milestone and we are looking forward to regenerating Catterick Garrison town centre.
“We have taken great care to engage with local people and respect the special heritage of the town and believe the proposed retail and leisure facilities will breathe new life into the area.”