Reading’s £750m Station Hill secures consent

A joint venture between US titan Lincoln Property and MGT Investment has received backing from planners for a £750m development at Station Hill in Reading. The committee approved a hybrid application for 2.5m sq ft of development at the gateway site last night (13 January). It will see 625,000 sq ft off office, 750 flats and over 60,000 sq ft of retail and leisure, including a hotel, later living accommodation and two acres of public realm. The consent includes detailed plans for the first phase of development with a 275,000 sq ft, 18-storey office. Lincoln MGT has appointed JLL and Hatch RE as joint leasing agents on the office. Alex Aitchison, director of development at Lincoln Property Company UK, said: “The scheme has been designed to give occupiers and their employees an activated, energised ecosystem with amenities on hand and multi modal travel connections to draw on a wide pool of talent. “The quality of the office space will drive occupier’s productivity and, in a post-Covid world, will help to bring employees back to the office to a safe and inspirational space.” To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette