Muse Developments has been picked by Slough Urban Renewal as its development partner for a £650 million redevelopment in the heart of Slough.
The former Thames Valley University land was bought by Slough Borough Council as part of its regeneration plans for the town.
The joint venture with Muse will deliver the North West Quadrant, with 1,400 homes, more than 250,000 sq ft of commercial space, 45,000 sq ft of ancillary leisure and retail, alongside 150,000 sq ft of cultural facilities and public realm.
Josie Wragg, chief executive of Slough Borough Council, said: “A range of opportunities provided by Slough estates and businesses, plus local demand are delivering a sustained period of growth for our town. The council has made a political commitment to use this to regenerate the town centre and provide the infrastructure we need for the future. The TVU site will be reinvigorated, housing new homes, new offices, shops and leisure facilities, completing the final quadrant of the Heart of Slough – a landmark for our town we can all be proud of. The investment from the council will trigger the largest single local authority regeneration project seen outside of London.”
Mike Auger, regional director at Muse Developments, said: “It’s a proud moment for everyone at Muse, as we’re awarded the opportunity to bring forward the North West Quadrant. It is truly a transformational scheme and we look forward to working collaboratively with our partners and the community, to create a series of innovative solutions that deliver a real sense of place in the heart of Slough town centre.
“Slough’s town-centre redevelopment is one of the UK’s largest programmes of regeneration and we’re delighted to be working with partners to deliver these exciting schemes.”
Wes Erlam, managing director of Morgan Sindall Investments, said: ‘‘Through SUR we are able to leverage the wider capability of the Morgan Sindall Group and are truly excited to continue to be an integral part of the Council’s long-term regeneration outcomes for Slough."
Masterplan proposals for the site will be developed over the coming months and public consultation is anticipated to take place towards the end of 2020.