LGIM Real Assets has secured planning permission for an office project on the site of the vacant Thames Court building in Windsor Town Centre in the UK.
The new property will feature over 43,000 sq ft of office space. Work is expected to commence in the end of this year and be wrapped up in early 2019.
The project, designed by Rolfe Judd, is anticipated to create over 400 permanent jobs and 200 jobs during the construction phase.
LGIM Real Assets head of fund management Mike Barrie said: “By replacing the current derelict building and site with a new much needed modern office facility for Windsor, the completion of this scheme is expected to create £19m of additional value for the local economy, supporting local shops and businesses.
“Since the late 1990s, Windsor has experienced a decline in office accommodation, leading some businesses to relocate to other towns in the Thames Valley, which has had an impact on the local economy. We believe that this scheme can help to reverse this trend and act as a catalyst for the wider revitalisation of Windsor town centre.”