Redwood Consulting has supported Sir Robert McAlpine with its groundbreaking ceremony at Phase 2 of Station Hill in Reading, the £750m development brought forward by our client, Lincoln MGT, a joint venture between Lincoln Property Company and MGT Investment Management.

SRM is delivering the most prominent phase of the regeneration project, which includes ONE Station Hill (the 275,000 sq ft speculative office), a new public square and a link bridge providing level access from the train station through to the town centre. This latest phase will be completed in early-2024.

Preparatory works were well underway already on ONE Station Hill, with the town centre now visible from the train station for the first time in generations following the demolition of the Garrard Street car park, regarded by many as an outdated and unpleasant welcome to Reading.

Construction on the first phase, a new 600-home community, is also well underway, with completion expected in Q4 2023 and the first homes ready to occupy in Q2 2023

Once complete, the 2.5msqft Station Hill development comprises up to 625,000 sq ft best-in-class office space, 1300 private and affordable homes, and 95,000 sq ft of new lifestyle-led retail and leisure space, including potential for a 200-bed hotel and later living accommodation, and central two-acre piazza. This will deliver a truly sustainable eco-system of blended uses that complement one another, setting a new benchmark for regional regeneration.

Redwood arranged for local Reading Borough Council ward councillors to attend the ceremony and meet with senior members of the project team. This was accompanied by a photo opportunity to create an important record of a key stage in the construction of a new community at Station Hill.