HUNDREDS of jobs and more than 100 homes are set to be created by a new £40m retail development.

Glasgow property firm London & Scottish Investments Ltd have submitted detailed plans to build on the Peel Park site in East Kilbride, which will be considered by South Lanarkshire council later this year.

The site, bounded by Redwood Drive and Redwood Crescent, was bought by the Glasgow company from Tesco in August last year after the supermarket chain decided to scrap their plans to build a shop and Dobbies garden centre there.

The East Kilbride site was among eight developments in Scotland that was shelved by the retailer in January 2015, with another 40 across the rest of the UK also abandoned.

If given the go-ahead, around 250 jobs are set to be created at the development along with extra opportunities during construction.

Construction work will start later this year if plans are approved, and is expected to be finished at the end of 2017.

Two drive-thru units of 3,595 square feet each form part of the plans, along with 12 other retail spaces spanning a total of 108,000 square feet.

The firm have also submitted another application to build 98 new homes - a mixture of flats and terraced, semi-detached and detached houses - on the same plot.

Bryan Wilson, Group Development Director at London & Scottish Investments said: "Our plans have been very well received during the consultation period, with local people in particular very happy to hear that something will finally be happening on this site, and that there could be new shops, homes and hundreds of new jobs in the pipeline.

"We are now in advanced discussions with major UK retailers who are interested in occupying the development and we hope to make announcements in the near future.

"We’ve also had significant interest in the residential side from a number of housebuilders and should be able to announce a preferred developer very soon.

"Subject to planning approval, we intend to start construction work on site in late Autumn 2016 with completion expected by late 2017."

Councillor Graham Simpson, Tory councillor for East Kilbride West, said the plans were positive for the area but added that they would need to go under further scrutiny before a decision on approval is made.

He said: "[The planners] are claiming to be bringing more than 200 jobs which is obviously very good for the area.

"There is still detail to be worked through on this before we get near to approving or otherwise.

"We gain something in terms of road safety and jobs, but we have to look very carefully at the retail impact on the rest of the town and see how this will affect other areas, for example the town centre. There's a lot of work to be done."