Groundbreaking has taken place on the second phase of Reading’s Station Hill development.
Representatives from main contractor Sir Robert McAlpine (SRM) joined those from the Lincoln MGT joint venture developing the scheme and others working on the project.
Phase ll includes 275,000 sq ft ONE Station Hill, a new public square and a link bridge providing level access from the station to Friar Street and is due for completion in early 2024. Preparatory work is already under way.
Phase l, which is largely made up of 600 homes in Friars Walk, is expected to be complete in Q4, 2023. Occupation of the first homes is on course to begin in Q2, 2023.
Alex Aitchison, director of development at Lincoln Property Company UK, said: “As we continue apace on the first phase of Station Hill, already the largest-ever speculative project in the history of the Thames Valley, this moment marks the start of a new future for Reading.
“Sir Robert McAlpine brings with it over 150 years of experience delivering iconic construction projects and we are delighted to partner with them to deliver a unique, cohesive vision for the people of Reading.
“As the custodians of this special opportunity, we look forward to promoting confidence in the fundamentals of Reading, which is already viewed as a highly attractive destination for overseas capital. Station Hill will lead the way in acting as a catalyst for inward investment into Reading and its drive for city status – creating a true capital of the South East.”
Ian Cheung, managing director, southern at Sir Robert McAlpine, said: “The start of construction on Phase ll of the Station Hill scheme is a momentous milestone for the regeneration of Reading.
“Building on our long-standing history of delivering engineering excellence, we look forward to working with Lincoln MGT on this project, which will also bring many opportunities to create social value for the local community.”
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive your free weekly Thames Tap journal here.