Kier Property, the development arm of Kier Group, has been selected by Reading Borough Council as its preferred bidder to invest and deliver a mixed-use regeneration scheme of the area around the Civic Centre in Hosier Street, Reading.
It will be Kier Property’s third significant project in the city, having already completed One Reading Central and the enterprise centre at the University of Reading White Knights campus.
Kier will now work with the council to draw up detailed plans for a mixed residential and retail development on the site, which includes Hosier Street. The Civic Centre will be closed and demolished once staff have moved to a new headquarters building at Plaza West, Bridge Street next year.
This high profile regeneration scheme will see Kier transform the area into a more inviting and accessible space for the public.
Commenting on Kier Property’s appointment, council leader Cllr Jo Lovelock said:
“This represents a significant step forward in the process to regenerate the area around the Civic Centre, and I am delighted that we have been able to attract a company of the calibre of Kier as our development partner.
“The Civic Board was impressed with Kier’s vision for the area. The company is a major development player and was able to demonstrate some impressive examples of where it has completed similar projects elsewhere in the UK. We are confident Kier will help to deliver an exciting transformation of this important part of the town centre.”
Kier Property director Leigh Thomas added:
“We are delighted to be selected as prefer bidder on this scheme. We plan to work in partnership with all members of the team to deliver a mixed-use development that the partners and local community can be proud of.”