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    LGEN   GB0005603997

LEGAL & GENERAL PLC

(LGEN)
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Legal & General : Star House, Maidenhead, granted planning permission

07/28/2021 | 04:03am EDT

28 Jul 2021

Set to become one of the greenest buildings in the Thames Valley

LGIM Real Assets (Legal & General) has been granted planning permission from the Royal Borough of Windsor & Maidenhead for the comprehensive refurbishment and development of the 112,000 sq ft Star House office building in Maidenhead town centre.

Plans for the four-storey building, which sits on a prominent 1.4-acre site next to the train station at the gateway to the town centre, will see it improve the quality and usability of the site and create a more attractive and sustainable office building. Legal & General is targeting an EPC A and BREEAM Excellent rating.

The refurbishment includes:

  • Creating a best-in-class workspace and flexible office accommodation with internal atrium spaces and adding three rooftop pavilions and roof terraces
  • Upgrading and updating the building's appearance with new glazing whilst retaining much of the existing exterior stone to produce a modern, sustainable and energy efficient façade
  • Installing industry leading low energy technology including over 5,000 sq ft of rooftop solar panels and Air Source Heat Pump technology to achieve an expected 39% reduction in the building's carbon emissions. Over 11,000 sq ft of biodiverse terracing and roofs will also be added
  • Creating a public café on King Street and improvements to public spaces on the southern side of the building to deliver a new space with outdoor seating and landscaping
  • Sustainable transport improvements including the addition of 18 electric car charging spaces, secure cycle storage for 153 cycles and high-quality showers, changing rooms, lockers and airing cupboards
  • Adding a two-storey extension on the south side of the building to create a new entrance lobby and shared work area. Additional floor layout efficiencies will add a total of 21,500 sq ft to the existing building.

The refurbishment of Star House forms part of L&G's ongoing commitment to futureproof its assets, providing a superior occupier experience and strong ESG credentials. It is estimated that construction, occupation, and management of the building will support up to 3,000 full time jobs.

Construction is set start on site in Q4 2021, with completion scheduled for Q1 2023. The agents are Bray Fox Smith and Knight Frank.

We're delighted to have received unanimous planning approval for Star House; it's truly testament to the quality and ambition of our proposals.

At LGIM Real Assets, we remain committed to delivering optimum working environments for our occupiers through long-term and proactive investment in our assets. We are modernising the building through a comprehensive low carbon and low energy sustainable refurbishment, with wellbeing and occupier satisfaction at the heart of the scheme.

The repositioned building will deliver enhanced ESG credentials both in construction and in use, and is set to become one of the greenest buildings in the Thames Valley. It's also estimated that £111 million in social value will be generated over the development lifecycle - bringing significant social and economic benefits to the wider community.

Situated within the heart of Maidenhead, the design led redevelopment will help to drive health, satisfaction and wellbeing, as well as accelerate LGIM Real Assets wider efforts concerning sustainability; this will future proof the asset for years to come.

Simon Wilkes, Head of Development, LGIM Real Assets

For further information

Disclaimer

Legal & General Group plc published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 08:02:04 UTC.


ę Publicnow 2021
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Nigel David Wilson Group Chief Executive Officer & Executive Director
Jeff Davies Group Chief Financial Officer & Executive Director
John Kingman Chairman
Lesley Mary Samuel Knox Independent Non-Executive Director
Philip Arthur John Broadley Senior Independent Director
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