British property developer Berkeley Homes (Western) and residential developer L&Q have announced plans to jointly deliver the redevelopment of the former Homebase/Toys R Us site in central Reading, UK.
The 6.9-acre site is located within walking distance to the town centre, railway station and other public transport links.
Berkeley Homes (Western) managing director Matthew Biddle said: “Berkeley Homes is delighted to play a key role in the redevelopment of Reading.
“We have a proven track record of delivering high quality new homes in the area, with our urban village, Kennet Island on Reading south side now nearing completion and our latest scheme, Green Park Village, creating the first lakeside development in Reading.
“At Berkeley, our passion is to create fantastic communities where people aspire and love to live. Our focus is on placemaking and creating strong communities where people from all walks of life can live comfortably together.
“Working in partnership with L&Q to develop such a prime location, close to the city centre, will enable us to open up the riverside for everyone to enjoy.”
The project has secured planning consent for 765 new homes in high-quality design across a range of apartment buildings.
Both companies will create a new destination for Reading, which will include a central riverside square with bars and restaurants; a local store; and landscaped open spaces along the river.
L&Q regional managing director for counties Craig Luttman said: “As a charitable organisation, our role goes beyond providing homes and housing services.
“We are a long-term partner in the neighbourhoods where we work. We have a successful track record of building quality homes and creating sustainable communities stretching back over half a century.
“Our award-winning approach to design allows us to create thriving neighbourhoods and we have a proud history of delivering major residential and mixed-use developments. We look forward to working with Berkeley to deliver this exciting scheme.”
Construction will commence early in 2019 and the first apartments will be available in 2021.
Image: The proposed redevelopment of the former Homebase/Toys R Us site in central Reading, UK. Photo: Courtesy of Berkeley Group.