A MAJOR hurdle in the multi-million pound revamp of Winchester city centre has been overcome.

Winchester civic chiefs have finally signed an agreement for the Friarsgate/Broadway development.

The deal with London-based developers Thornfield was signed just before Christmas, following months of negotiations, but the news has just been released.

The final hurdle means that consultation on the designs and proposals will start shortly.

Michael Capocci, managing director of Thornfield Properties, said he was delighted to have reached this latest stage in the process.

He said: "We are totally committed and very keen to listen to the views, comments, suggestions and opinions of the people of Winchester on our outline proposals.

"We will work in partnership with the community and all stakeholders in the city to design and build a scheme of which we can all be proud."

Opposition councillors have been critical of the level of secrecy surrounding the negotiations.

Mr Capocci said there would now be greater openness. "We are committed, at the earliest opportunity to share our proposals, which are currently at concept level, in order to obtain the valuable feedback we need."

Council leader Sheila Campbell said: "We are confident that Thornfield are the right partners for the council in this development.

"They have demonstrated their knowledge and understanding of Winchester and its needs in retail and housing."

The £100m regeneration of the area is set to give a huge boost to Winchester's economy by attracting new businesses, quality retailers, and visitors.

Pat Edwards, City of Winchester Trust chairman, said: "The trust is pleased to learn that formal agreement has been entered into in respect of this scheme.

"We were pleased to be involved in the selection of the master planner, who has shown such sensitivity to Winchester in formulating the block plans."

The scheme envisages at least 90,000 sq ft of shopping space over 40 new shops; some 360 new homes, including 35 per cent affordable social housing; a new bus station; new medical centres; new public car park to replace the multi-storey; new streets, squares and walks including the opening of some of the hidden streams of the River Itchen.