A Bracknell Forest councillor has issued a statement after reports that The Lexicon shopping centre is for sale.

According to a report in The Times, centre owners Shroders and L&G have appointed JLL to handle the sale of the centre, which the paper suggests, could fetch around £150 million.

The council has now issued a statement from Cllr Paul Bidwell, cabinet member for economy and regeneration.

He said: “We are not involved in the possible sale of The Lexicon and so cannot comment on that any further.

“However, the council is committed to working with commercial partners, whoever that may be, for the good of our town centre and the benefit it brings to our residents and wider economy.

“The town centre is a popular and thriving regional retail and leisure destination that has strong footfall and continues to attract new shops and businesses.

“It is an important part of the town centre’s overall regeneration but it is just one part of it. Any sale would not impact the council’s own regeneration plans for the Southern Gateway, Eastern Gateway and High Street car park areas.

“This next phase of regeneration is an exciting opportunity to provide new shops, cafes, leisure and cultural facilities, play areas, employment, parking, and a range of housing to benefit our whole community.”

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