Sackville Developments, a unit of Sackville Properties, has submitted plans for its EUR 743 mln Station Hill scheme in Reading, near London. The property investment and development company is planning a 130,060 m[sup]2[/sup] mixed-use scheme to be developed near Reading's station in the heart of the town.
Sackville Developments, a unit of Sackville Properties, has submitted plans for its EUR 743 mln Station Hill scheme in Reading, near London. The property investment and development company is planning a 130,060 m2 mixed-use scheme to be developed near Reading's station in the heart of the town.
The project comprises a first EUR 238 mln phase with a 21,370 m2, 32-storey residential tower and a EUR 223 mln, 24-storey office tower providing some 25,085 m2 of offices. Construction is scheduled to start next year with completion expected in 2011.
The second and third phases will provide two additional office towers of 22,300 m2 and a 15,800 m2 office block, as well as two residential towers of 8,080 m2 and 14,310 m2. The centre will also include shops, cafes, restaurants as well as an arts centre.
Sackville bought the site from UK REIT company Land Securities for EUR 41.6 mln in 2005, the UK's Property Week reported.