X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Stevenage Town Centre development gets green light

Planning approval has been given to Mace for their SG1 development, the regeneration of Stevenage Town Centre.

Mace is working in partnership with Stevenage Borough Council to transform the town centre and will create 1,864 new homes across 14.5 acres of public land, community facilities and new public spaces. It will deliver an integrated public services hub comprising new state-of-the-art health facilities, library, retail and workspaces.

Mark Reynolds, Group Chief Executive at Mace, said: “The approval marks the next stage in our plans to transform Stevenage with spaces that work for the entire local community, from families to businesses for decades to come. We are delighted to continue to work closely with Stevenage Borough Council in bringing the plans to reality. We look forward to beginning work on this landmark scheme that will create an inspiring new town centre for Stevenage, creating thousands of jobs and enabling economic growth.

“We are confident that a review at national level will conclude that our ambitious regeneration plans for the town can act as a blueprint of economic growth and future opportunity for many towns across the UK. As we look towards the UK’s critical economic recovery from the impact of COVID-19 on people’s livelihoods and opportunities, regeneration proposals like this will be vital to our success."  

SG1 will also create attractive new streets, squares and public realm, improving pedestrian and cycle connections across the town.

Subject to the outcome of a review by the Ministry of Housing, Communities and Local Government, construction on SG1 will now be scheduled to begin in the coming months. Work is already underway in the town, where Mace is managing the improvements to the historic Town Square, bringing new places to eat and drink, flexible workspaces and conference facilities. 

Cllr Sharon Taylor OBE, Leader of Stevenage Borough Council, said: “When we started this journey we aimed as high as possible and working with world-class firms like Mace will help us to achieve our goals and make the town an even better place for people to live, work, play and relax. Mace’s proposals are truly transformational and we can’t wait for work to begin.”

If you want to read more news subscribe

subscribe