Under landmark plans, the 1970s single-storey Nicholsons Centre will be torn down and replaced with a new mixed-use complex of 660-flats, offices and shops.
Buildings are set to reach up to 25 storeys in a scheme that is being hailed as one of the UK’s first shopping centre to town centre conversions.
Frederic Jariel, Co-Head of Real Estate at investor Tikehau Capital, said: “We are very pleased to see the transformational application for the Nicholson Quarter be approved last night and thank the officers and Councillors for their support.”
- Up to 60 shops and restaurants
- – 346 new homes
- – 307 extra care/senior living homes
- – 30,000 sq m of new office space
- – 855 bicycle spaces
- – 125 electric vehicle charging points
- – The planting of 173 new trees
- – 1.5 acres of open space
Rob Tincknell, Partner at developer Areli Real Estate, said: “This is a great result, not just for Maidenhead but for the entire UK as it demonstrates a way forward for the regeneration of our towns.
“We are so pleased to have developed these plans in close cooperation with the community and to have achieve such a positive unanimous vote is really encouraging.”