Developer Patrizia wants to demolish and redevelop the existing site to create an 11-storey glass and granite office-led mixed-use building.

In a report considered by members of the planning committee on Thursday, city planners admitted the closure of Aberdeen Market would be “regrettable”.

Officials said the closure would be a “commercial decision” and not a matter to be controlled through the planning system.

Building consent will be withheld until a legal agreement is signed, ensuring money is put towards the creation of paths and a car club vehicle as well as a public plaza in The Green.

Councillors were also recommended to attach more than 25 conditions to the approval.

Shaun Hose of Patrizia said the decision is “very welcome after four years of working on proposals for this site”.

The design from Halliday Fraser Munro reveals how the new glass and granite building will complement the adjacent buildings and become a focal point for the surrounding streets, creating an attractive indoor and outdoor environment that captures the southerly aspect and shelter of the adjacent buildings.

The ground floors of the new building, facing Market Street, incorporate a business lounge with retail, café and exhibition space connected to the outdoor seating and meeting areas. Further retail, café opportunities are provided to both Hadden Street and the Green. An underground car park with 126 spaces (including electric car-charging spaces), dedicated cycle storage and shower facilities are also proposed.

The plans, which have been in development for three years, have been finalised following public consultation and extensive, constructive discussions between the developer and the council’s planning team.

Patrizia has separately secured planning permission to redevelop the adjoining former BHS building in Union Street into office space, shops and apartments.