Station Hill, Reading

Station Hill is a road and ongoing redevelopment project in Reading, Berkshire, England. It sits next to the Thames Tower by the Reading Rail Station.

Station Hill
CGI of Station Hill
Station Hill, Reading is located in Reading Central
Station Hill, Reading
Location within Reading Town Centre
General information
TypeResidential, Office, Retail and Lifestyle
LocationStation Hill, Reading, England
Coordinates51°27′29.78″N 0°58′27.27″W
Completed2024 (first two phases)
Cost£750 million
OwnerLincoln MGT
Design and construction
Architect(s)CallisonRTKL and Gensler
Website
www.stationhill.co.uk

Redevelopment

In 2012, the Station Hill project passed to a joint venture between Benson Elliot and Stanhope from John Madejski, who bought the site in 2005. In February, they released a new £400m plan to be displayed to the public.[1] After the exhibition at the Town Hall, the developers said that the plans had received a positive response.

As of June 2018, Station Hill became a joint venture between Lincoln Property Company and MGT Investment Management (known as Lincoln MGT).[2] The BBC reported that the development was bought for close to £70 million from Sackville Developments.[3]

Lincoln MGT's proposals for Station Hill comprise up to 625,000 sq ft best-in-class office space, 1,300 private and affordable homes, 95,000 sq ft of new lifestyle-led retail and leisure space, including potential for a 200-bed hotel and later living accommodation, and a central two-acre piazza.

The development is split into three phases, with construction for the first two phases underway as of 2022 and the third having received outline planning permission.

Phase One is due for completion in the fourth quarter of 2023 and Phase Two in early-2024.

References
  1. "Reading's Station Hill regeneration plans on show". BBC News. 18 February 2012.
  2. "Station Hill, Reading - MGT Investment Management". MGT Investment Management. Retrieved 18 July 2019.
  3. "Station Hill: £500m Reading development gets new owners". BBC. 11 June 2018. Retrieved 18 July 2019.


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