Exton Estates secures south east office development funding

Scottish Widows backing mixed-use scheme which will provide 100,000 sq ft of office space in Buckinghamshire

Article posted: 23 Jan 2011

Exton Estates, the development company run by Stuart Bedford and James Mawson has secured funding for a new mixed-use scheme in Taplow, Buckinghamshire.

The 11-acre site of Wyeth Laboratories has been acquired for £6m with the backing of Scottish Widows Investment Partnership. The site has scope for 100,000 sq ft of office space just north of Maidenhead, Berkshire, with a residential element of 50 houses. Exton already has a presence in Maidenhead with its Luminaire office development totalling 49,000 sq ft (pictured).

Rob Bray of Bray Fox Smith advised Exton Estates. He believes that this deal is another illustration of institutions adopting a positive approach to development in the region. The limited supply of prime and deliverable sites provides excellent opportunities.

Exton intends to submit a planning application in spring 2011 but will engage with key occupiers to discuss bespoke solutions for space requirements.

Last week Exton also entered into a joint venture with Rockspring to purchase a site in Surrey which will be developed into a 100,000 sq ft office space scheme in Weybridge.

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Posted by Aree