L&G hires Richard Poyser to support major Bracknell regeneration
Legal & General Property has appointed Richard Poyser as leasing manager for its Â£240 million retail and leisure development scheme in Bracknell town centre which is due to open in 2017.
Poyser has joined LGP from Argent LLP, where he was responsible for letting the retail element of the Kings Cross project. Prior to that, he worked with Hammerson for 12 years, where he was responsible for leasing on a number of schemes, including The Bull Ring in Birmingham, Highcross in Leicester and Union Square in Aberdeen.
Joining LGP’s eight strong development team, Poyser will report to director of investment and development, Gordon Aitchison, and head of development (Bracknell), Simon Russian.
Like Russian, Poyser will be devoted full time to the delivery of Bracknell’s retail and leisure led regeneration – a project that is currently under construction and is due for completion in Spring 2017.
LGP is developing the scheme on behalf of the Bracknell Regeneration Partnership, a 50:50 joint venture between Legal & General Capital and Schroder UK Real Estate Fund.
The new development will more than double the square footage of Bracknell town centre’s shopping and entertainment offer and will also provide landscaped public spaces and residential apartments. At the centre of the transformation is a new 580,000 square foot development, offering 60 new units across retail, food and leisure, and a 1,300 space car park.
With over 59% of the scheme’s area pre-let or delivered, the development’s principal occupiers will include Fenwick, Marks & Spencer, the Arcadia brands, Primark, H&M and a 12 screen Cineworld multiplex, as well as the existing Waitrose store.
Russian said: “With occupier interest gaining strong momentum and works rapidly taking shape on site, following steelworks starting in June, Richard joins the team at an incredibly exciting point in the fundamental regeneration of Bracknell Town Centre. A highly talented and well-connected leasing manager, he complements the skills of the rest of the team and brings with him invaluable experience in the delivery of high profile, complex shopping and leisure schemes.”
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