Bracknell gears up for next phase of regeneration - new appointments made to deliver vision.
23 March 2012
The Bracknell Regeneration Partnership (BRP), a 50:50 Joint Venture between Schroders and Legal & General Property, has appointed leading London creative agency, Bostock and Pollitt, and leading independent construction and property consultancy, Gardiner & Theobald, to work closely with BRP and help pave the way for the next phase of Bracknell Town Centre’s major regeneration. These two major names will be working closely with BRP and the other members of the delivery team as BRP bring forward the retail-led regeneration of the northern part of the town centre.
Bostock and Pollitt, who’s recent projects include Cabot Circus in Bristol and LGP’s own Central Saint Giles scheme in London, has been appointed to work with BRP on its branding for the northern part of the town’s regeneration in order to help put Bracknell on the map as a high quality retail destination. Similarly, Gardiner & Theobald has been appointed to lead the technical side of the next phase of development, working with all parties to ensure that BRP is able to deliver a viable and high quality scheme that fits seamlessly with the recently completed Waitrose, and the other initiatives which are driving forward the regeneration of Bracknell Town Centre.
The appointments follow the successful completion of Phase One, which comprises a pre-let to Waitrose for a 36,000 sq ft supermarket, on a key site in the north-west of Bracknell’s Town Centre. The store, which embodies the highest standards of sustainability seen in retail development to date, was successfully completed at the end of 2011, and is already enjoying a very strong trading performance.
Simon Russian, Head of Retail Development at Legal & General Property, says: “Following the successful completion of Phase One of the Bracknell regeneration project, these appointments mark a significant step towards paving way for the next phase of the scheme and developing the vision for the new Bracknell. We are currently in close discussion with a number of exciting national retailers regarding potential pre-lets and we look forward to making further announcements as and when it is appropriate to do so.”
Notes to editors
Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages approximately £371bn of assets on behalf of more than 3,300 clients (31 December 2011) and provides products and solutions spanning all asset classes. LGP is the third largest institutional property fund manager in the UK, managing or co-managing 17 separate funds or vehicles and two segregated mandates with an aggregate asset value of over £10.6bn as at 31 December 2011. These funds include:
Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; UK Logistics Fund; Arlington Business Parks Partnership; and the English Cities Fund
Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust; UK Property Income Fund; LPI Income Property Fund and the Hybrid Property Fund.
LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency, leveraging upon the significant resources provided by the wider LGIM platform. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability.
LGP’s sector specialisms cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering the West End office market’s latest landmark, Central Saint Giles, and currently involved in developing its high profile Covent Garden scheme, Agar Street, as well as significant town-centre retail regeneration projects, including Bracknell, Northampton and Eastbourne.
More information on Legal & General Property is available at www.lgim.com/property.
Schroders has managed property funds since 1971 and has £9.5 billion (EUR 11.0 billion / US$14.7 billion) of gross property assets under management (at 30 September 2011) and has over 90 property staff located in 9 offices across Europe.
All of the property funds referred to are unauthorised collective investment schemes as defined in the Financial Services and Markets Act 2000. Promotion of these funds is restricted and access to full information about these funds is only available to those exempt from the restriction.
For further information about Schroders’ property business visit www.schroderproperty.com
Schroder Property Investment Management Limited and Schroder Investment Management Limited are authorised and regulated by the Financial Services Authority.
Issued by Schroder Property Investment Management Limited. Registration no. 1188240 England.
For more information please contact:
PR Manager, Legal & General Capital and Real Assets, LGIM (Property, infrastructure and alternative finance)
t: + 44 (0) 203 124 2777
m: + 44 (0) 7718 395 279
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