Land Securities signs up to Cuerden scheme

LAND Securities Group has signed up to develop the first phase of a major mixed-use scheme at Cuerden, near Preston.

Lancashire County Council believes the development of 160 acres close to the intersection of the M6 and M65 will create thousands of jobs.

Land Securities will develop the first phase of the plan, creating employment, retail and leisure space.

David Borrow, deputy council leader, said: “Cities and regions have to compete for commercial investment, so for us to attract Britain’s premier developer is a significant endorsement for the Cuerden Strategic Regional Investment Site. By attracting a major delivery partner quickly, we are sending out a clear signal that Lancashire County Council is a good partner for business and that we value the jobs and investment that the private sector brings.”

Rob Noel, chief executive at Land Securities, said: “Land Securities thought long and hard about this project before committing. The combination of the Cuerden location and catchment area together with the leadership of Lancashire County Council convinced Land Securities that this was an exciting development.”