Three fight over Newbury town centre revamp

A trio of leading developers has been shortlisted for a major retail-led mixed-use scheme in the centre of Newbury.

Slough Estates, ING Real Estate subsidiary London & Amsterdam Developments, and a partnership comprising Standard Life Investments and Shearer Property Group have been shortlisted for the scheme.

West Berkshire Council, advised by Strutt & Parker, is likely to opt for a preferred developer in December.

The council has allocated the 5.7 acre (2.3 ha) Park Way site for a scheme providing 270,000 sq ft (25,080 sq m) of new retail floorspace, as part of a wider scheme to regenerate the town. Detail proposals for the development are due at the end of October.

West Berkshire Council corporate director Nick Cater said: 'An important part of the brief (is) to create strong links to the rest of the town and provide high-quality buildings that fit in with our historic town centre.'