8 Feb 2018
Legal & General's Thorpe Park Leeds scheme reaches critical infrastructure milestone
Legal & General Capital (Legal & General) announces that works have started on the bridge for the new road over the railway line at Thorpe Park Leeds.
Legal & General Capital is delivering the Thorpe Park Leeds regeneration scheme in a joint venture partnership with Scarborough International Properties.
The bridge forms part of the major infrastructure works currently underway at the 275-acre mixed use development. It marks the start of the new Manston Lane Link Road, a key piece of infrastructure, which connects north and east Leeds to Junction 46 of the M1. This road, running through Thorpe Park Leeds, will unlock land for the construction of up to 7,000 new homes in the East Leeds area.
The Rail, Aviation & Environment Business Unit of construction company Galliford Try is delivering the £4.7m contract to build the single 30m clear span bridge over the Leeds to York railway line. The design is future proofed to account for expansion of the line from two to four-track and electrification. The bridge over the railway line will accommodate a dual carriageway in both directions as well as footway, cycleway, bridleway and a central reserve.
Rachel Dickie, Head of Urban Regeneration at Legal & General Capital, said: "This milestone marks important progress for the regeneration of this area, boosting economic growth and bringing new homes and jobs to East Leeds. By working closely with Leeds City Council we are delivering regionally significant infrastructure works which will improve transport connection and unlock the regeneration of East Leeds. This is a prime example of how a joined up and collaborative approach with local authorities can truly unlock regeneration to the best of its potential."
Wes McKee, Galliford Try Rail Director said: "Construction is progressing well and getting the beams in place will represent a major milestone in the programme. We are delighted to be playing a key role in such a strategically important scheme that will bring long-term benefits to the region."
Simon Marshall, Joint CEO at Scarborough International Properties said: "The bridge installation marks a very significant milestone in progress for phase two at Thorpe Park Leeds. The scheme is integral to the economic growth potential of East Leeds and this part of the jigsaw not only provides greater access to the wonderful facilities on offer at Thorpe Park Leeds, but also greatly improves connectivity from Leeds city centre, through East Leeds and beyond."
Notes to editors
Legal & General Capital
Legal & General Capital (LGC) is the early-stage investment arm of Legal & General Group. Investing from Legal & General’s £6bn principal balance sheet, LGC’s purpose is to generate long-term shareholder value by injecting new capital into key sectors where there has been a shortage of investment and innovation. Focused on Housing, Infrastructure (Urban regeneration and Clean Energy) and SME Finance, these key sectors reflect our aim to invest for the long term in economically and socially useful assets, to secure competitive returns and to create new asset classes for Legal & General’s varied investment requirements, for our partners and for the wider marketplace. Investments to date have included housebuilder CALA Homes, a Build to Rent joint venture, major urban regeneration projects in Salford, Newcastle, Cardiff and Bracknell, SME finance group Pemberton and clean energy firm, NTR.
Legal & General Group
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with a number of growing businesses in the US and in other countries. At 30th June 2017, we had over £951 billion in total assets under management. Over fifteen million people worldwide rely on us to help them save for the future and to protect their families and their homes.
We work with companies and pension trustees to help people build security in retirement, being the UK’s largest investment manager for UK corporate pension schemes, a major provider of auto-enrolled pensions and a market leader in pensions de-risking. We have also made a commitment to invest in direct investments, with £12 billion already invested in areas such as homes, urban regeneration, clean energy and small business finance, driving economic growth and making a positive difference to the UK’s built environment.