Legal & General has submitted a planning application for Bristol Temple Island, a £350m masterplan regeneration project that will transform a derelict, former diesel depot site into a vibrant urban quarter.

The development aims to deliver 520 homes, two office buildings, retail space, flexible workspace and a hotel with conference facilities, all of which are expected to create up to 2,000 new jobs.

L&G is working in partnership with Bristol City Council and other public sector partners to ensure 40% of all housing caters to social and affordable rents, shared ownership, and keyworkers at sub-market rents.

All commercial buildings will target BREEAM1 Outstanding status.

Architects Zaha Hadid have been engaged to design the masterplan and building concepts and are working with specialist architects LDA Design to consider the public and landscaped areas.

Submission of the planning application follows a period of consultation, with three rounds of community and stakeholder engagement.

Tony Dyer, leader of Bristol City Council, said: “It’s great to see proposals for much needed new homes and commercial space submitted for Temple Island.

“The council has been working with L&G for a long time to bring these plans forward, so this is an exciting milestone to reach after so much hard work.

“Temple Island will be a key part of the wider Bristol Temple Quarter area, contributing to our ambitions to deliver 10,000 new homes and thousands of new jobs across the area.

“This planning application is a brilliant springboard to kickstart 2025 for Bristol Temple Quarter, which looks set to be a significant year for the project.”

Ben Rodgers, head of regeneration at L&G Asset Management, added: “Legal & General seeks to deliver precisely targeted investment through a place-based approach to creating transformative mixed-use communities.

“We are excited by the opportunity to regenerate Temple Island, revitalising the urban landscape and providing the key infrastructure that businesses, universities, and the public sector need to thrive alongside much-needed housing for the local population in Bristol.

 “All the feedback from the public engagement has immensely benefitted the final planning application, and we are grateful to the residents and stakeholders who took the time to speak with us.

“We look forward to continuing to work with our long-term partners to develop a new landmark on this prominent city centre site.”