20 February 2015

L&G and Schroders commit to ,~200m regeneration of Bracknell.

The Bracknell Regeneration Partnership ("BRP"), a 50:50 Joint Venture between Legal & General Capital ("LGC") and Schroder UK Property Fund ("SPF"), together with Bracknell Forest Council, announce that they have gone unconditional on the major development of the Northern Retail Quarter. This news paves the way for construction to commence in Spring 2015.

BRP will regenerate Bracknell Town Centre and provide new retail, leisure and residential developments, within landscaped public spaces. The development's principle occupiers will be Fenwick, Marks & Spencer, Primark and a 12 screen Cineworld multiplex, in addition to the existing highly successful Waitrose supermarket. The regeneration will begin this Spring and will be completed by Spring 2017.