Our joint venture with Lincoln Property Company for delivering a landmark £750 million regeneration for Reading reached another key milestone this week. We have announced details of the first phase of our plans for Station Hill, Reading.
Since acquiring the site in June 2018, Lincoln MGT has worked hard with Reading Borough Council to develop a renewed vision for Station Hill. The combined ambition to support the economic and housing need of Reading at this key development site has led Lincoln MGT to revisit the outline planning consent. This latest application seeks to revise the first phase of consented residential accommodation to deliver 538 new homes for the private and affordable rental market.
The new rental homes have been specially designed for this market and will be professionally managed with an on-site maintenance team, concierge and a strong emphasis on communal areas. This will sit together with circa 25,000 sq ft of commercial and leisure accommodation to further enhance the public realm and create a new neighbourhood hub. The application retains the same level of affordable housing as originally consented.
The commitment of Lincoln MGT to delivering this long-awaited scheme for Reading town centre has also been demonstrated by a programmed commencement of demolition, which is due to start in May. The public consultation process on the latter phases of the north site, between Garrard Street and the station is timetabled for later in the year. This will provide an opportunity for the community to provide feedback on the proposals.
The vision for the whole Station Hill site is for it to be a transformative project for Reading, creating a focal point for the town through substantial investment in new public spaces, landscaping, and greatly improving pedestrian accessibility.
For more information about Station Hill, please contact Danielle Dove or Freddie Rosen at Redwood Consulting on 020 7828 5553.