Developer beats out Land Securities and Queensberry Real Estate to take development partner role

Developer Lend Lease has been named as the development partner for a major retail scheme in Guildford, Surrey.

The firm saw off competition from developers Land Securities and Queenberry Real Estate.

The North Street development will take up 2.5 hectares in the town centre to the east of the main high street.

James Palmer, lead councillor for town centre planning and transport, said 鈥渁ll three [bidders] demonstrated an innovative approach to the future of this key town centre site鈥� but that the committee was 鈥減articularly impressed by the enthusiasm and understanding鈥� shown by Lend Lease.

He added: 鈥淲e are determined to bring forward a successful development to help support Guildford鈥檚 thriving economy now and into the future.鈥�

The council鈥檚 executive will consider the recommendation on 18 April.

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