The Brunel Place project will be delivered in partnership with Slough Borough Council and will lead a wider regeneration of the town by the local authority.
The 350,000 sq ft scheme will include three office buildings, located next to a new Crossrail station, which will open in 2018.
Brunel Place U I Slough Borough Council terrace
The council’s overall redevelopment of Slough town centre will deliver more than 1,000 homes, transport infrastructure, a civic centre, and new hotel and retail space.
U+I was formed in May 2014, following a merger between Development Securities and Cathedral Group. The company has a £4bn portfolio of mixed-use development projects and a £200m investment portfolio.
This week it was appointed as the London Fire and Emergency Planning Authority’s development partner for the £300m regeneration of 8 Albert Embankment.
The investor-developer will now start working on plans for the site and begin the consultation process.
Commenting on the appointment, U+I chief executive Richard Upton said: “Just weeks after being selected by Camden Council for a new public-private partnership project at Cockpit Yard, we are delighted to have been appointed to redevelop 8 Albert Embankment and to have the opportunity to work with the LFB and Lambeth again.
“U+I has extensive experience of PPP, and our approach is anchored by a commitment to community consultation and a respect for the provenance of every site.”
Brunel Place U I Slough Borough Council street
Other major schemes under development by U+I include the multi-phased, £250m Old Vinyl Factory regeneration, which features 650 homes and 750,000 sq ft of commercial space.
Hub and Bridge Ventures are jointly developing the latest phase of the Old Vinyl Factory scheme, known as the Material store, which is being built by Interserve.