Benson Elliot and Stanhope have secured planning consent from Reading Borough Council to start construction work on a £500 million redevelopment site of Station Hill in Reading.
The scheme will be built over several phases and the plans for the 5 acre site will also include the complete remodelling and refurbishment of the existing NCP car park, paving the way for new jobs in the trades.
Jason Margrave, Development Director at Stanhope, said: “The scheme provides a great opportunity to extend and enhance the retail core in line with the borough’s long term vision and it will also create significant new employment opportunities in Reading.”
The joint venture between Benson Elliot and Stanhope, is for a mixed-use development of the five acre site, which will provide office space and deliver 300 flats, 32,000 sq ft of shops and 9,000 sq ft of leisure space.
The first elements of the phased scheme will commence in 2014. In a separate decision the planning committee has approved plans to tear down the Station Hill retail parade to create a temporary events arena which will be ready by early 2015.
Phil Irons, Partner at Benson Elliot, said: “We are delighted to have secured consent for the redevelopment of this critical town centre site.
“This is an important milestone in the regeneration of an area that will ultimately be seen as the heart of Reading. We will be starting on site in 2014 and aim to deliver the first of the four office buildings by 2016.”
Miller Construction has been appointed as preferred contractor for 13 schools across the South East, with a construction value of over £48 million.
Clients include Hampshire County Council, Reading Borough Council, Surrey County Council and West Sussex County Council that will share services arrangement set to boost the trades and stimulate employment.
The Property Services Cluster (PSC), which enables all four Councils to work together to achieve substantial efficiency benefits and cost reductions, has selected the IESE (Improvement and Efficiency South East) framework to deliver about 30 schools with a combined construction value of £100 million.
Chris Webster, Chief Executive, Miller Construction, said: “We are delighted to have been selected to deliver services on 13 schools for the Property Services Cluster via the IESE framework.
“This appointment reiterates our continued commitment to our strategy focussing on long-term partnerships and framework agreements.
“We have a proven track record in the education market and we are confident the schools we deliver as part of this framework will leave behind a positive legacy for the pupils who will use them.”
The latest tranche will see Miller initially delivering pre-construction services on ten schools across Surrey; De Stafford Primary, Stamford Green Primary, Cranmere Primary, Hurst Park Primary, Esher High School, Redhill, Horley NE, Langshott Primary, Earlswood Junior and Holmesdale Infant School, with a combined value of £35.5 million.