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Another step towards £500m Station Hill development
The development of Station Hill in Reading has moved a tangible step nearer following a recent briefing of Thames Valley property professionals about its potential letting opportunities.
The briefing by developers Benson Elliot and Stanhope for site owners Sackville Developments Reading Limited (SDRL) will encourage widespread marketing of the proposed £500m mixed-use development of the five-acre site, and represents a significant step towards an exciting new heart of Reading.
The site is not only strategically important as the rail-link gateway to Reading – the unofficial capital of the Thames Valley – but also will be a prestigious and travel- efficient location for business or urban lifestyles.
Plainly, Benson Elliot and
Stanhope hope their briefing of the property community will bring pre-let activity but the developers have said they are committed as a first phase to building a speculative office tower development of more than 210,000 sq ft.
SDRL’s outline plans, replacing existing Station Hill buildings with offices, shops, leisure facilities, apartments and a public square, were approved by local councillors in December. The
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final go-ahead is believed to be imminent.
Development operations are unlikely to begin until after the Reading Festival (August Bank Holiday) and Network Rail completes its work in Station Hill. Vacant shops opposite Reading Station are earmarked for early demolition in order to provide a temporary events space for the town.
Overall, the proposed scheme
involves around 1.2 million sq ft of development – up to 900,000 sq ft of offices, 32,000 sq ft of shops, 9,000 sq ft of leisure and about 300 flats, of which some will be affordable housing.
The SDRL plans also provide family leisure facilities within the Friars Walk area, and a multi- use leisure facility, including a five-a-side football pitch and running track, on top of the redesigned Garrard Street car park.
Blue Chip invests £1m in
additional datacentre capacity vast experience in providing on premise infrastructure is key to the company’s cloud solutions success. Having developed this expertise over two decades, provisioning solid cloud solutions in tandem with customer needs was a natural step for the IT specialist.
IT specialist Blue Chip has expanded its industry-leading, nationwide cloud capability and cloud services offering, investing a further £1 million in the best available datacentre capacity and infrastructure at Vodafone’s prominent Tier 3 datacentres in Leeds and Uxbridge.
Boasting high capacity, high availability, first-class connectivity and built-in resilience, Vodafone’s datacentres give Blue Chip customers the highest-level security and most robust server, security and storage infrastructure available. The £1m investment in this infrastructure is further demonstration of Blue Chip’s commitment to a fast-growing national customer base, as more and more businesses move away from strictly on-premise solutions to cloud infrastructure and services.
Blue Chip’s reputation as a traditional solutions and consultancy provider with
Investment in Vodafone’s datacentres means Blue Chip offers cloud services that exceed the industry norm, with industry-leading, built-in resilience and connectivity.
In
addition, certain cloud business services provided by Blue Chip are replicated to, and provided from Blue Chip’s purpose-built datacentre at its headquarters in Poole.
Importantly this includes
Data Recovery (DR) via its award winning backup and disaster recovery solution, SecureVault.
Blue Chip is offering businesses a free cloud computing and IaaS consultation.
Details: 0845-034-7222
ict@bluechip.uk.com
THE BUSINESS MAGAZINE – THAMES VALLEY – SEPTEMBER 2014
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