Thumbs up for Bristol city centre resi-led scheme

LaSalle Investment Management, in collaboration with its development partner Deeley Freed, has secured outline planning approval to demolish The Galleries shopping centre in Bristol and build a residential-led mixed-use development. The planned scheme includes 450 homes alongside 86,000 sq ft of ground-floor premises that will be converted to retail, F&B and community facilities. Additionally, the site will include around 495,000 sq ft of offices, a 240-bedroom hotel and up to 750 student rooms. The plans also include 1.5 acres of public realm. Tom Lewis, fund manager, UK custom accounts at LaSalle Investment Management, said: “Following an extensive consultation process with local stakeholders, we are delighted to have secured planning approval to transform Bristol city centre and provide the local community with new homes, commercial space, amenities and green space. “We are committed to investing for the long term, and this ambitious redevelopment scheme demonstrates our ability to create value and better meet the needs of future residents, occupiers and visitors.” Max Freed, director at Bristol-based Deeley Freed, said: “It is a once-in-a-generation chance to reinvent, revitalise and modernise such a large part of the city centre. Our vision involves completely transforming this 1980s shopping centre, making the site more diverse, safe and sustainable. The redevelopment of this site will bring more people to live and work in the city centre, accelerating the regeneration of the area.” Image from Deeley Freed