Press releases

LGP completes Prezzo handover at St Stephen's Place Leisure Park, Trowbridge, as development enters final stages.

10 October 2013

Legal & General Property (LGP) is pleased to announce that the construction of St Stephen’s Place Leisure Park in Trowbridge town centre is now entering into its final phase, having this week successfully handed the largest restaurant unit over to Prezzo.

In the next few weeks the hoardings shielding the site shall be removed to provide the people of Trowbridge with their first proper sighting of the new town centre development, including its creative design and layout.  St Stephen’s Place Leisure Park remains on course for ODEON to open its doors on 25 October, coinciding with the Autumn half term.

With the shell stage of the restaurants almost complete, the 4,384 sq ft Prezzo unit was successfully handed over on Monday (7 October) and, following fit out, is due to open in mid November.  The 3,020 sq ft Nando’s unit was also recently handed over for fit out and is due to launch in early November, while the 80-bed Premier Inn is reaching the final stages of fit out and will open a couple of weeks later.

The car parking and paving works are also substantially complete and landscaping is due to follow, whilst the main highways works have been finalised and the road has been re opened.

Tim Russell, Senior Asset Manager at Legal & General Property, commented:  “In line with our vision, having entered into the final exciting stages of development, St Stephen’s Place Leisure Park is now beginning to be revealed in its full glory.  We are excited about Odeon opening its doors on 25 October and we look forward to launching the other key elements over the following weeks.”

Bristol based construction company, Leadbitter Group, is the lead contractor for the development.  Savills and Alder King act as joint letting agents for the scheme.  

Notes to editors

Legal & General Property
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 £433bn in assets on behalf of more than 3,100 clients (30 June 2013) 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 16 separate funds or vehicles and two segregated mandates with an aggregate asset value of £11bn as at 30 June 2013. These funds include:

Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment 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

Balanced Funds
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 West End landmark building, Central Saint Giles, and Agar Street, its high profile Covent Garden office scheme, amongst others, and is currently involved in bringing forward a number of significant town-centre retail and leisure regeneration projects, including Bracknell, Trowbridge, Northampton and Eastbourne.

Legal & General Property Limited. Registered address: One Coleman Street, London EC2R 5AA. Registered in England 2091897.

For more information please contact:

Olivia Goodall
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

About Legal & General

Legal & General Property Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.