99 cent grocery store chain has announced it will sell a 100,000-square-metre building in Manchester for £1.8 million ($2.6 million).
The site, which is located near the old Manchester University campus, is currently being used as a shopping centre, according to the company.
The company is working with the local council to develop the property and the planning approval was approved on Wednesday.
It is the largest supermarket building to be sold in Britain.
Its location near Manchester University’s campus has attracted the attention of some residents, as well as a number of local politicians.
Manchester Mayor Andy Burnham said: “The proposed development is an exciting opportunity for Manchester, and for Manchesterians.”
It will provide jobs, investment and a vibrant and inspiring neighbourhood for our local community.”
Manchester city council’s planning committee has approved the plans, and the council is currently reviewing the plans.
In the UK, a 99% discount means a retailer can sell the same goods for the same price, for instance, at a 99.9% discount, meaning they are able to get a higher price for the item.
