LGIM Real Assets (L&G) has gained planning consent for a major new Grade A office scheme in Windsor Town Centre, which is set to bring over 400 permanent jobs to the local area.
Windsor Urban Development Management Panel (Royal Borough of Windsor & Maidenhead) has granted planning permission for L&G’s proposal for a new build office development on the site of the vacant Thames Court building on the corner of Sheet Street and Victoria Street.
Due work on the site is expected to start in late 2017 and the project it is expected to be delivered in early 2019. Once completed, the building will offer more than 43,000 sq ft of Grade A office space just a five minute walk from the town centre and Windsor Castle.
Mike Barrie, head of Fund Management at LGIM Real Assets, said: “The benefits of this new scheme will be considerable for Windsor and we are grateful for the foresight shown by local councillors in recognising the significant boost it will bring to the local economy.
"By replacing the current derelict building and site with a new much needed modern office facility for Windsor, the completion of this scheme is expected to create £19m of additional value for the local economy, supporting local shops and businesses.
“Since the late 1990s, Windsor has experienced a decline in office accommodation, leading some businesses to relocate to other towns in the Thames Valley, which has had an impact on the local economy.
"We believe that this scheme can help to reverse this trend and act as a catalyst for the wider revitalisation of Windsor town centre.”
Cllr Jack Rankin, cabinet member for economic development (and local councillor for this part of Windsor) added: “I welcome this significant investment into our town centre.
"I have no doubt that this new development will not only provide much-needed Grade A office space in our town, but will also help promote Windsor as a good place to do business.”
The joint letting agents for this new scheme are Savills and New Ballerino. The architect on this scheme is Rolfe Judd.
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.
For more information visit www.togethermoney.com
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