Legal & General Capital (Legal & General) announces that works have started on the bridge for the new road over the railway line at Thorpe Park Leeds.
8 Feb 2018
Legal & General Capital is delivering the Thorpe Park Leeds regeneration scheme in a joint venture partnership with Scarborough International Properties.
The bridge forms part of the major infrastructure works currently underway at the 275-acre mixed use development. It marks the start of the new Manston Lane Link Road, a key piece of infrastructure, which connects north and east Leeds to Junction 46 of the M1. This road, running through Thorpe Park Leeds, will unlock land for the construction of up to 7,000 new homes in the East Leeds area.
The Rail, Aviation & Environment Business Unit of construction company Galliford Try is delivering the £4.7m contract to build the single 30m clear span bridge over the Leeds to York railway line. The design is future proofed to account for expansion of the line from two to four-track and electrification. The bridge over the railway line will accommodate a dual carriageway in both directions as well as footway, cycleway, bridleway and a central reserve.
Rachel Dickie, Head of Urban Regeneration at Legal & General Capital, said: "This milestone marks important progress for the regeneration of this area, boosting economic growth and bringing new homes and jobs to East Leeds. By working closely with Leeds City Council we are delivering regionally significant infrastructure works which will improve transport connection and unlock the regeneration of East Leeds. This is a prime example of how a joined up and collaborative approach with local authorities can truly unlock regeneration to the best of its potential."
Wes McKee, Galliford Try Rail Director said: "Construction is progressing well and getting the beams in place will represent a major milestone in the programme. We are delighted to be playing a key role in such a strategically important scheme that will bring long-term benefits to the region."
Simon Marshall, Joint CEO at Scarborough International Properties said: "The bridge installation marks a very significant milestone in progress for phase two at Thorpe Park Leeds. The scheme is integral to the economic growth potential of East Leeds and this part of the jigsaw not only provides greater access to the wonderful facilities on offer at Thorpe Park Leeds, but also greatly improves connectivity from Leeds city centre, through East Leeds and beyond."
Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its capabilities in a range of alternative sectors, including in residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital, which are all supported by long-term structural growth drivers, meet a financing gap and respond to a scarcity of supply that is underpinned by enduring societal needs.
Its purpose is to invest society’s capital for society’s benefit. Investing in the real economy and supporting the Group’s focus on climate and inclusive capitalism, LGC’s investments create jobs, change lives and contribute towards a net zero carbon future.
Legal & General has invested over £29bn in levelling-up regional economies, including through major UK-wide regeneration schemes and has recently made a commitment to enable all its new homes to operate at net zero carbon emissions from 2030.
*at 31 Jun 2021
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.