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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Consultation on major Bristol regeneration scheme launched by Legal and General

Legal and General has launched a public consultation on its plans to build offices, a hotel, conference centre and hundreds of homes in Bristol city centre.

The financial services giant has committed to investing £350m to transform the disused site near Temple Meads railway station, after reaching an agreement with Bristol City Council last year.

In return the local authority will spend £32m getting the derelict plot ready, including sorting contamination issues, before leasing Temple Island to the asset management firm for 250 years. The council will also guarantee L&G rent on the office space for 40 years.

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