Legal & General (L&G) is to invest £35 million of funding for the construction of a new leisure and retail scheme in York.

Contractor Buckingham Group is preparing to begin construction on the project at Vangarde Way in Monks Cross, with completion scheduled for 2019.

The joint development, by Wrenbridge Sport and the City of York Council, involves building a new modern leisure and retail facility featuring a 13-screen IMAX 50,000 sq ft cinema, as well as various restaurants and retail units.

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The project forms part of the wider regeneration of the Vangarde development, which includes the construction of a new 8,000 seat stadium for York City FC and York Knights RCFC, a leisure complex community hub comprising sports hall, 25-metre swimming pool, gym, NHS facilities and outdoor artificial pitches, as well as further retail and restaurant units.

Richard Arnold, Managing Director of Wrenbridge Sport, said: "Both Wrenbridge and our consultants have worked extensively to deliver this project for the City of York. The support of our wider team has enabled us to deliver one of the most complex projects we have ever been involved in.

"Now we will turn our attention to delivery and our contractor the Buckingham Group, are already preparing to start construction with the aim of completion of the stadium in June 2019. At same time we will be building the cinema, leisure, retail and restaurants adjacent to the stadium."

(LM/CD)