Newbury scheme gets the go-ahead
Published: 30 September, 2008
In a contra-cyclical move Standard Life Investments and Shearer Property Group are to start construction this autumn on their £130m Parkway development in Newbury, Berkshire.
Planning consent was granted in April 2006 followed by a CPO in October 2007. But the credit crunch forced a thorough review of the project's viability. Now Standard Life Investments has been satisfied enough pre-lets are in place and that cost efficiencies have been achieved, the building contract has been awarded to Costain and a two year construction programme will start in October 2008.
