Legal & General is investing £350m into the redevelopment of a disused site near Bristol’s Temple Meads station.
The group has struck a deal with Bristol City Council to back the development of Bristol Temple Island, a new urban quarter for the city.
The scheme will include a conference centre and exhibition space, 345-bedroom hotel, 550 new homes, 220 of which will be affordable, and two office buildings. A public consultation on the first phase is expected soon.
L&G said the scheme would complement the broader Temple Quarter partnership, which includes the council, the University of Bristol and Network Rail.
The deal continues L&G’s investment in Bristol, which has already seen it commit £310m to nearby build-to-rent and modular housing schemes, as well as commercial real estate including a civil service hub and the Quayside Bristol office development.
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