ING Real Estate has announced plans for an E200m (£152m) retail-led redevelopment of Berkshire’s Maidenhead town centre as part of a 5m sq ft Europe-wide development drive.
The world’s biggest property fund manager was yesterday expected to reveal plans for a mixed use scheme linking to Maidenhead’s existing shopping centre, Grenfell Island development and station.
The project will include 323,000 sq ft of retail, 75,000 sq ft of offices and 100 apartments.
ING also announced that it has agreed heads of terms with William Ewart Properties and Snoddons Construction for a joint venture to build a 797,000 sq ft mixed use scheme at Belfast’s north-east quarter.
The project, which will include 420,000 sq ft of retail, will stretch from Royal Avenue to the Cathedral Quarter and, opening in 2013, will mark the next stage in the city’s revival after Victoria Square opened last week.
ING is also pursuing development projects totaling 3.8m sq ft in the Netherlands, the Czech Republic and France.
The biggest of these is an E900m (£686m) city centre regeneration in Olomouc, where ING has formed a joint venture with Sekyra Group Real Estate to build 2.2m sq ft of mixed use.