Maidenhead town centre site acquired by new owners
Plans to regenerate a Berkshire town centre have taken a step forward following a takeover of the developers involved.
London and Aberdeen Group and Smedvig Eiendom acquired ING RED, which owns most of the Broadway in Maidenhead.
The new owners said their proposals would bring "high quality urban design" to the 4.7 acre (1.9 ha) site.
The Royal Borough of Windsor and Maidenhead said it was looking forward to seeing their plans.
The Broadway site is located between Maidenhead's High Street and train station which is due to become the western terminus for Crossrail from 2018, providing improved train access to central London and Heathrow.
ING RED UK's previous planning application for a new shopping centre, parking, homes and offices were rejected by the council in April.
The London and Aberdeen Group has promised additional car parking and generous public spaces, including a new plaza.
Councillor MJ Saunders, cabinet member for planning, property and Maidenhead, said: "The Broadway Triangle is a crucial element of the overall plans for the regeneration of the town centre.
"I am delighted that the development potential of this site has been recognised by the new owners."
The council has agreed to provide a secured loan of up to £5m if requested by the new purchasers.
It said the loan would be provided on commercial terms and would benefit local taxpayers.