Property News - Bay Tree gets £50m

Halladale Group is to redevelop and extend The Bay Tree Centre at Brentwood in Essex into a scheme valued at£50 million. As part of the development, former office space is to be turned into more than 100 residential units. Halladale chief executive David Lockart said: 'This regeneration will bring high-quality retail and residential property to this affluent Southeast town.' Construction work is expected to be finished by summer 2005.