Construction News

27/02/2015

Proposals For 1,000 New Homes In Bracknell Announced

Plans to build 1,000 new homes in Bracknell have been announced by Legal & General Capital (LGC).

The firm is also providing additional funding for infrastructure projects at the Crowthorne site, including a primary school, community centre, care home and over 100 acres of public green open spaces.

LGC also announced it has gone unconditional on the major development of the Northern Retail Quarter in Bracknell, a £200m 50:50 joint venture with Schroders UK Property Fund to regenerate Bracknell town centre.

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The work is due to start in spring and be completed by 2017.

Laura Mason, Director of Direct Investments at LGC, said: "Pension and Sovereign Wealth funds want to invest in the UK and help regenerate our towns and cities.

"Today we have announced our intention to build 1000 new homes and regenerate Bracknell's town centre. This shows what can be done in partnership with a forward looking council, and we see no reason why what we're doing here in Bracknell cannot be repeated across many more towns and cities in the UK."

(CD/JP)

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