'We are still on track' - UK Property Forums

Developers behind some of the region’s major projects have told Thames Tap they remain on track to complete their schemes.

We asked developers to offer statements on how they have been affected by the COVID-19 crisis and Reading’s Station Hill developer Lincoln MGT and Blackhall Studios which has massive plans for a development at Thames Valley Science Park, were positive.

Alex Aitchison, director of development at Lincoln Property Company UK, commenting on behalf of Lincoln MGT, said: “Our focus for Station Hill is on delivering a market-leading project, complete with the right mix of residential, office, retail and leisure space to complement Reading’s growing economy.

“We recently made the decision to halt works onsite as a result of the unforeseen and unprecedented circumstances created by the COVID-19 pandemic. Due to the phased nature of the development and the flexibility it affords us, we are well-placed to mitigate the time lost as a result of this short-term closure.

“We are still aiming to complete all remaining works in line with our programme and will be ensuring we continue to follow government advice to protect the health and well-being of our onsite team.

“The aspiration at Station Hill continues to be the creation of a best in class regeneration project that will transform this key area of Reading, matching the exciting growth already underway in the town.

“We remain committed to working with all stakeholders to deliver this exceptional mixed-use regeneration scheme. Reading is one of the fastest growing and most dynamic towns in the UK, and the site is in an extremely sustainable and well-connected location for a truly mixed-use development.”

Blackhall Studios plans to invest £150 million in new studios at Thames Valley Science Park. The US firm has teamed up with the University of Reading and is currently working on its planning application.

In a statement to Thames Tap, Blackhall Studios said: “Blackhall and University of Reading continue to discuss plans for the exciting new film studios and creative hub at Thames Valley Science Park.

“In spite of the current issues surrounding COVID-19, all parties are continuing to progress work during the ongoing exclusivity period, including discussions with Wokingham Borough Council as the local planning authority.”

Broad Street Mall said the its proposals to build 422 flats at the centre remain on course and any changes to timescales will depend upon Government guidance.

And planners at Barton Willmore, which has drawn up Aviva Investors’ plans for a mixed-use scheme including between 750 and 950 flats at Reading Station Shopping Park, told us they are currently awaiting a response from Reading Borough Council regarding the planning application submitted in March. Barton Willmore has previously stated a delay is likely.

Image shows the Station Hill scheme.