ONE Station Hill reaches practical completion
06 Dec 2024Congratulations to all those who have worked on ONE Station Hill in Reading as the project completes.
13th Dec 2021
Sir Robert McAlpine appointed to Station Hill, Phase 2 in Reading
Lincoln MGT, a joint venture between Lincoln Property Company and MGT Investment Management, has announced the appointment of Sir Robert McAlpine as the contractor for the second phase of its £750m Station Hill scheme in Reading.
We have been appointed as lead contractor for the second phase of the Station Hill regeneration scheme in Reading.
We are delivering the most prominent phase of the regeneration project, which includes ‘ONE’ Station Hill (the 275,000 sq ft office building), a new public square and a link bridge providing level access from the train station through to the town centre. This latest phase will be completed in early 2024.
Preparatory works have already begun, with the town centre now visible from the train station for the first time in generations following the demolition of the Garrard Street car park, regarded by many as an outdated and unpleasant welcome to Reading.
Construction on the first phase, a new 600-home community, is also well underway, with the first homes ready to occupy in Q2 2023. Final completion is expected to coincide with the conclusion of works on Phase 2 in 2024.
Once complete, Station Hill will comprise up to 625,000 sq ft best-in-class office space, 1300 private and affordable homes, and 100,000 sq ft of new lifestyle-led retail and leisure space, including potential for a 200-bed hotel and later living accommodation, and central two acre piazza. This will deliver a truly sustainable eco system of blended uses that complement one another, setting a new benchmark for regional regeneration.
As we continue at pace at Station Hill, already one of the largest-ever speculative projects in the history of the Thames Valley, this announcement ensures that Reading will soon have a new, world-class welcome befitting its status. Sir Robert McAlpine brings with it over 150 years of experience delivering iconic construction projects and we are delighted to partner with them to deliver this unique, cohesive vision for the people of Reading.
Alex Aitchison, Director of Development at Lincoln Property Company UK
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