Daily Newsletter

08 February 2024

Daily Newsletter

08 February 2024

McLaren Living to deliver Minster Quarter Central regeneration

The initiative aims to transform the 5.2-acre site in Reading's town centre, introducing more than 600 new homes.

Upasana Mukherjee February 08 2024

Reading Borough Council has appointed McLaren Living as its development partner for the £250m ($315.81m) Minster Quarter Central regeneration project in Reading, England, UK.

McLaren Living was selected during the council’s January Policy Committee meeting following a rigorous evaluation of detailed bids.  

The development plan was approved last year.  

The initiative aims to transform the 5.2-acre site in Reading’s town centre, introducing more than 600 new homes, with 30% of these units classified as affordable.  

The site previously housed the Civic Centre and is envisioned to become a gateway connecting Russell Street, the Castle Hill Conservation Area, and the residential zones of West Reading. 

The development will feature 40,000m² of new commercial space, comprising workspace, retail, food and beverage outlets, and a 102-bed hotel. 

The Minster Quarter Central scheme aims to enhance public spaces by introducing ‘Hexagon Square’, a new civic area intended to serve as a gateway to Reading’s Hexagon Theatre and new Studio Theatre.  

It is a part of the broader Minster Quarter Regeneration Area, which is anticipated to yield more than 1,200 homes. 

In alignment with Reading’s goal to achieve net-zero emissions by 2030, McLaren Living plans to implement all-electric, energy-efficient systems that maximise renewable energy generation at the site.

The project also aims to deliver a net gain in biodiversity and introduce new pedestrian and cycle routes. 

Reading Borough Council leader and councillor Jason Brock said: “The preferred bidder has come forward with hugely exciting proposals which tick all of these important boxes and more, including more family-sized homes which we know are in short supply in Reading, a brand-new civic space as a gateway to a revitalised Hexagon Theatre, which will contribute to its growth as a destination for arts and culture, a new community hub and, through our commitment to social value, around 100 new local jobs post-construction.” 

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors


Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.