Residents and community groups came together last week to help shape the future of the St. Martin’s Centre, Caversham.
Just under 500 people turned out to view and comment on Hermes Real Estate’s plans for the redevelopment. The planned regeneration project will introduce an exciting new mix of retail and leisure facilities to Caversham and aims to meet the needs of the local community.
The plans were well-received at the public exhibition and feedback will now be taken into consideration while the planning application is being prepared. Current proposals include the extension of Waitrose, new leisure units, new residential apartments and a revitalised public realm. Should the proposals go ahead, it is estimated that approximately 70 full-time equivalent new jobs will be created in Caversham throughout construction and in the long-term.
Matthew Chillingworth, Asset Manager, Hermes Real Estate commented:
“It was great to receive such a large amount of feedback from the public, which was extremely positive and supportive of the plans. We will now take this into consideration to help shape our proposals, in line with the needs of the local community and what they would like to see at the St. Martin’s Centre.
“As a long-term investor in Caversham, we are delighted to see these plans progress. We are already seeing high levels of interest from potential retailers and restaurants for the proposals, many of whom will bring exciting new opportunities to Caversham.”