Thank you for taking a moment to read about our proposals for the regeneration of Station Hill, Reading. SDRL, a joint venture between Benson Elliot and Stanhope plc, submitted an outline planning application to Reading Borough Council in April 2013. This is the culmination of a considerable amount of consultation with local residents and their representatives. The application is targeted to be decided by the Borough Council’s planning committee in late summer 2013.
SDRL aims to regenerate the Station Hill site with an employment-led, mixed-use scheme which will include offices, new homes, shops, cafés and leisure facilities. The company has sought to take on board the comments and suggestions of local people when drawing up the plans.
Our plans do not include the Thames Tower site, where a separate planning application is being prepared on behalf of LaSalle Investment Management (LIM). SDRL and LIM have worked closely to ensure that the two schemes complement each other. If you would like to read more about the proposals for Thames Tower, please visit www.thamestower.com
Background on the developers
Benson Elliot is a private equity company which specialises in investing in real estate projects across Europe. The company was formed in 2005 and has an investment capacity of around Euro 4bn. You can read more about Benson Elliot by visiting www.bensonelliot.com
Stanhope plc is a privately owned, development company with over 25 years’ experience of developing large, prestigious projects in urban areas. Some examples of Stanhope plc’s previous developments include the Royal Opera House, the Tate Modern and HM Treasury. You can read more about Stanhope by visiting www.stanhopeplc.com
Between them, Benson Elliot and Stanhope plc have the stable financial backing and expertise to deliver a first class redevelopment of this important area of Reading.