Major milestone for The Lexicon
Published: 27 February, 2016
Bracknell scheme celebrates Marks & Spencer topping out
The Bracknell Regeneration Partnership a 50:50 joint venture between Legal & General Capital and Schroder UK Real Estate Fund, together with Bracknell Forest Council and contractors Mace, have held the topping out ceremony for its Marks & Spencer store at The Lexicon Bracknell, the new shopping and leisure destination coming to Bracknell in Spring 2017.
One of the biggest town centre regeneration projects currently taking place in the UK; The Lexicon will fundamentally change the landscape of Bracknell town centre. The £240m regeneration will deliver a 1 million-sq ft retail, leisure and entertainment destination within landscaped public spaces, and a new social and cultural heart for the borough.
Simon Russian, development manager for Legal & General on behalf of the Bracknell Regeneration Partnership, said: “It is very encouraging to see the rapid progress on site and the transformational project reaching another construction milestone. The Lexicon’s M&S store is a testament to the strength and quality of the retail offer we are creating in Bracknell. It is also very rewarding to see the excitement and anticipation by locals”.
Bracknell is the first post-war New Town to be comprehensively redeveloped. Its regeneration includes 580,000 sq ft of new development, which will form part of an integrated and modernised 1 million sq ft shopping and leisure destination in the heart of Bracknell Town Centre.
The scheme is 65 per cent pre-let by floor area, and in addition to the new Marks & Spencer building, is anchored by an 80,000-sq ft Fenwick department store and a 36,000-sq ft Waitrose. The two-storey Marks & Spencer store covering 80,000 sq ft, will be located immediately adjacent to Waitrose, at the north of Bracknell’s town centre. Other brands committed to The Lexicon include Topshop and Topman, H&M, Primark, Next and River Island. The Lexicon Bracknell will also feature a 12 screen Cineworld and 10 restaurants, including Carluccio’s, Zizzi, Wagamama and Gourmet Burger Kitchen.