Station Hill new plans focus on homes

Lincoln MGT, the joint venture partnership between Lincoln Property Company and MGT Investment Management, has unveiled the first phase of its plans for Station Hill, Reading, a £750m redevelopment of the gateway site surrounding Reading's station. Lincoln MGT bought the six-and-a-half-acre Station Hill development site in June 2018.StationHill April2019

The site had consent for around 900,000 sq ft of development, principally offices, alongside 86,000 sq ft of shops, 13,000 sq ft of leisure and 300 flats. Lincoln MGT said it has "worked hard with Reading Borough Council to develop a renewed vision for Station Hill". The first phase of its plans now focus principally on homes and a significant increase. It said 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.

The latest application seeks to revise the first phase of consented residential accommodation to deliver 538 homes for the private and affordable rental market.

It said: "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 public consultation process on the latter phases of the north site, between Garrard Street and the station is timetabled for later in the year.

Lincoln MGT added: "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."

 
 
 
 
 

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