Exciting plans for old university site
The former Thames Valley University site is set to undergo £650m of development to provide 1,400 homes and commercial, leisure and retail space.
The land was purchased by Slough Borough Council as part of its regeneration vision for the town and through Slough Urban Renewal will deliver a transformational and comprehensive mixed-use development to create a place for people to live, work and do business.
Urban regeneration specialist, Muse Developments, has been appointed as development manager for the North West Quadrant scheme, which will contribute significantly to the ongoing regeneration of the town, will attract inward investment, create thousands of jobs and make a significant contribution to realising the objectives of the council’s 5 Year Plan, including increasing the supply of affordable housing.
Josie Wragg, the council’s Chief Executive, said: “A range of opportunities provided by Slough estates and businesses, plus local demand are delivering a sustained period of growth for our town. The council has made a commitment to use this to regenerate the town centre and provide the infrastructure we need for the future.
“The TVU site will be reinvigorated, housing new homes, new offices, shops and leisure facilities, completing the final quadrant of the Heart of Slough – a landmark for our town we can all be proud of. The investment from the council will trigger the largest single local authority regeneration project seen outside of London.”
Mike Auger, Regional Director at Muse Developments, said: “It is truly a transformational scheme and we look forward to working collaboratively with our partners and the community, to create a series of innovative solutions that deliver a real sense of place in the heart of Slough town centre.”
Wes Erlam, Managing Director of Morgan Sindall Investments, said: ‘‘Through SUR we are able to leverage the wider capability of the Morgan Sindall Group and are truly excited to continue to be an integral part of the council’s long term regeneration outcomes for Slough.”
Masterplan proposals for the site will be developed over the coming months and public consultation is anticipated to take place towards the end of 2020.