Multi-million pound development scheme to go ahead after Cripps advises on land deal
Law firm Cripps has advised Slough Borough Council on its successful purchase of a redundant university campus, paving the way for a £500m regeneration project.
The site of the former Thames Valley University, which closed in 2010, has been bought by the council from the University of West London and will be redeveloped to include 1,400 homes, 45,000 sq ft of retail and leisure space and 250,000 sq ft of office accommodation.
“This was a complex deal which was fundamental to a substantial development project on a key site in the town,” said Glenn Miller, the Cripps partner who led the real estate development team involved in the project.
Glenn added: “We are continuing to work with Slough Borough Council on its negotiations with potential development partners and on planning aspects of the scheme.”