Press releases

Mayor Unveils Town Enhancement Award at St Stephen's Place Leisure Park, Trowbridge.

25 September 2014

Legal & General Property (LGP) is pleased to announce that the Mayor of Trowbridge today officially unveiled the Town Enhancement Award plaque at St Stephen’s Place Leisure Park, in a presentation outside the ODEON cinema.

St Stephen’s Place Leisure Park, which opened in November last year, is now officially an award-winning town centre leisure development since picking up the Town Enhancement Award at Trowbridge’s annual Civic and Town Enhancement Awards ceremony, which was presented by the Mayor of Trowbridge at the Mayor’s Civic Dinner.

The scheme comprises a state-of-the-art seven-screen ODEON multiplex cinema, 80 bed Premier Inn and seven restaurants let to popular family-orientated chains including Frankie & Bennys, Nandos, Prezzo and Deans Diner. The latest addition to the line-up, Mexican-themed restaurant Chiquitos, is set to open on 3 October 2014.

Tim Russell, senior asset manager at Legal & General Property, commented: "We are honoured to have received this prestigious award, which recognises the significant social enhancement and regeneration benefits that thoughtful development can bring to the communities around it. Breathing life back into Trowbridge town centre, our vibrant St Stephen's Place scheme looks to not only extend the leisure choices available to the local catchment area, but welcome visitors from further afield, creating jobs and supporting economic growth.

“As with other schemes across our portfolio, where it can Legal & General believes in investing and creating socially useful development and investment opportunities that are sustainable and will support generations to come. Credit must go to our development team led by our project managers Sweett Group and contractors Leadbitter Group who delivered this complex project, turning a vacant town centre brownfield site into this superb Leisure Park development within 18 months."

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 £465bn in assets on behalf of over 3,100 clients (30 June 2014) and provides products and solutions spanning all asset classes. LGP is the fourth largest institutional property fund manager in the UK, managing or co-managing 17 separate funds or vehicles including three segregated mandates with an aggregate asset value of £14.2bn as at 30 June 2014. These funds include:

  • Balanced Funds
    Life Fund; Linked Pensions; Linked Life; Managed Fund; Legal & General UK Property Fund; UK Property Income Fund I; UK Property Income Fund II; LPI Income Property Fund and the Hybrid Property Fund
  • 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
  • LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance. Owing to its size, diversity and penetration, it benefits from best-in-class banking and property 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 the significant resources provided by the wider LGIM platform. Protecting the medium to long term value of its portfolio, as a leader in sustainability, green principles are embedded into every property and investment decision.
  • Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability. In particular, the Company has a major development platform, responsible for delivering community-focused projects ranging from West End landmark buildings to significant town-centre retail and leisure regeneration schemes.
  • Forming part of the Group’s larger UK housing and infrastructure investment strategy, LGP also continues to participate in a growing range of supply side housing activities, including financing affordable homes, the house building sector, urban regeneration, student accommodation and care homes.

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.

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Registered in England 2091897.