LocationWeldale St, Reading
ValuePhase 1 £48m, Phase 2 approx £36m
The property is situated within 7 minutes’ walk of Reading mainline station, the proposed western terminal for the new Elizabeth Line and the extensive shopping and leisure facilities at The Oracle.
An under-supply of residential was identified in the town, which, coupled with the forthcoming opening of the new Elizabeth Line, makes the site ideally suited for a prime residential development.
Detailed planning consent was obtained for a phased development of 427 apartments with a 10% affordable provision and underground parking for 124 cars.
Henry Construction are completing the first phase of construction commenced in January 2020 and will provide 253 apartments in two blocks that are scheduled for completion in early 2022. Phase two, 174 units to follow on.