Developer beats out Land Securities and Queensberry Real Estate to take development partner role

Developer Lend Lease has been named as the development partner for a major retail scheme in Guildford, Surrey.

The firm saw off competition from developers Land Securities and Queenberry Real Estate.

The North Street development will take up 2.5 hectares in the town centre to the east of the main high street.

James Palmer, lead councillor for town centre planning and transport, said “all three [bidders] demonstrated an innovative approach to the future of this key town centre site” but that the committee was “particularly impressed by the enthusiasm and understanding” shown by Lend Lease.

He added: “We are determined to bring forward a successful development to help support Guildford’s thriving economy now and into the future.”

The council’s executive will consider the recommendation on 18 April.