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Bournemouth Leisure scheme breaks ground

Final contracts have been agreed by Legal & General Property (LGP), on behalf of its Leisure Fund, to bring forward a £50m leisure development in the centre of Bournemouth.

The 120,000 sq ft town centre regeneration scheme on a two acre site, with construction started at the start of December 2014 by contractor VINCI Construction UK, will see a 10-screen, 2,000-seat Odeon cinema, plus 14 restaurants pre-let to Nando's, Handmade Burger, Coast to Coast, Prezzo, Ask Italian, TGI Fridays and others.  

Andrew Ferguson, Head of Leisure at LGP, said: "After years without a dedicated family-orientated leisure offer within Bournemouth's town centre, significant steps forward are at last being achieved to realise the potential of this key site.

"Without question this is the most eagerly anticipated cinema and restaurant-led leisure development that the UK has seen in the past ten years and we are extremely proud to act as its forward funding partner. Backed by some of the UK's top leisure operators, we believe this development will not only add a vibrant, high quality leisure offer that strongly appeals to the local population and visitors from much further afield, but it will act as a major catalyst to Bournemouth's wider regeneration."

It is located adjacent to the main retail area of Bournemouth and overlooks award winning gardens, as it is opposite a brand new £60m five star Hilton hotel anchored development scheme.

Chris Dymond, Director of Licet Holdings, added:  "Following many years of rigorous planning, working with the Council and our partners, it is all signed and sealed and we are delighted to be starting the construction of this unique and vibrant attraction, clearly signalling that Bournemouth is very much open for business."

With an 18-month construction period, the scheme is targeted for a late Summer 2016 completion and will create a total of 500 new jobs in the town.

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