Millions proposed for redevelopment of Maidenhead

4:46am Tue 18th Mar 08:: written by Laura Enfield

A company has proposed a massive £152 million redevelopment of Maidenhead\\\\\\\'s town centre.

Leading global property fund manager, ING Real Estate, has proposed a retail-led scheme for the wedge of land bordered by Queen Street, King Street and Broadway (pictured).

The news was leaked on a property website on Thursday and confirmed by councillors at a press conference this morning.

A flurry of activity has followed the unexpected disclosure but so far ING have remained tight-lipped about details of the plans.

The council decided to capitalise on the news and formally launch a cross-party rejuvenation group which has been gathering pace over the last few weeks.

Opposing party leaders, Cllr David Burbage (Con) and Cllr Simon Werner (Lib Dem) have agreed to put political differences aside and work together as members of Partnership for the Rejuvenation of Maidenhead (PRoM)

They were joined at the press conference by PRoM's independent chairman Bob Dulson, a long-time Maidenhead resident.

The group's aim is to work with the Royal Borough to come up with a masterplan for the transformation of the town centre and members will shortly be entering discussions with ING about its proposals.

Cllr Burbage said: “This investment is the first sign that our town is starting to come back to life.
"PRoM is leading the way by developing a Masterplan that will make Maidenhead the envy of the region.

"This £150m is just the start of the good news – we expect other investors to follow ING; in short Maidenhead’s coming back!"

For more on this story see this week's Advertiser.