Stanhope has been appointed to develop a 250,000 sq ft town-centre shopping area in Gloucester.
Despite many schemes hitting the scrap heap during the recession, market towns and cathedral cities can support retail developments, Stanhope said. Alistair Shaw, a Stanhope director, said: "People will still want to come to nice market towns to shop. Not all high streets will be abandoned." Stanhope is also developing schemes in Hereford and Truro.