Work on a £240 million retail and leisure scheme in Berkshire is now complete.

The Lexicon Bracknell development forms a new retail and social heart for Bracknell and East Berkshire.

Developed by the Bracknell Regeneration Partnership, a joint venture (JV) between Legal & General Capital and Schroder UK Real Estate Fund, the scheme was designed by architects BDP together with Chapman Taylor, while Mace acted as the main contractor.

Overall, around £768m is being invested in the regeneration of Bracknell Forest borough, one of the largest urban regeneration schemes currently being built in the UK.

The regenerated town centre now consists of one million sq ft of retail, casual dining and leisure, including the existing Princess Square shopping centre.

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Remaining regeneration works includes one of the largest green walls in Europe, plus the refurbishment of existing shop facades, major public realm improvements, some 3,800 spaces in new or renovated car parks and significant highway upgrades to the local network, together with improvements to the key gateways into the town.

Gareth Lewis, Mace's Chief Operating Officer for Construction, said: "The completion of the Lexicon is a proud moment for Mace. It's rare that we get the chance to help deliver a project that will so radically transform a town centre, and has the potential to drive so much sustainable economic growth. It's been a big, complex job – particularly in terms of ensuring existing public realm has been able to remain open – and we're delighted with the end result."

Laura Mason, Director of Direct Investments, Legal & General Capital, said: "The transformation of Bracknell is one of the most significant town centre regeneration projects to be delivered in the last 25 years.  The UK needs urban centres that are fit for purpose – supporting long term demographic shifts and economic growth by bringing jobs and homes back into the centre of our cities and better utilising our existing infrastructure."

(LM)