LGIM Real Assets has got the go ahead from the Royal Borough of Windsor & Maidenhead for the refurbishment and development of the 112,000 sq ft Star House office building in Maidenhead town centre.
The four-storey building, which sits on a 1.4-acre site next to the train station at the gateway to the town centre, is set to be redeveloped as a flexible office, with rooftop pavilions and roof terraces and will feature a range of environmental measures, including 5,000 sq ft of rooftop solar panels and 11,000 sq ft of biodiverse terracing. Some 18 electric car charging spaces will be included in the development, plus 153 secure cycle parking spaces.
Legal & General is targeting an EPC A and BREEAM Excellent rating.
Simon Wilkes, head of development at LGIM Real Assets, said: “At LGIM Real Assets, we remain committed to delivering optimum working environments for our occupiers through long-term and proactive investment in our assets. We are modernising the building through a comprehensive low-carbon and low-energy sustainable refurbishment, with wellbeing and occupier satisfaction at the heart of the scheme.
“The repositioned building will deliver enhanced ESG credentials both in construction and in use, and is set to become one of the greenest buildings in the Thames Valley. It is also estimated that £111m in social value will be generated over the development lifecycle – bringing significant social and economic benefits to the wider community.”
Construction is set start on site in Q4 2021, with completion scheduled for Q1 2023. Bray Fox Smith and Knight Frank have been appointed letting agents on the scheme.
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