Station Hill scheme gets new backers

Sun 23 January 2011, 6:20 pm

Sir John Madjeski's Sackville Properties has sold a majority share in the company carrying out the regeneration of Reading's Station Hill.

The sale, to property investment fund Benson Elliot Capital Management and developer Stanhope, could see work progressing on the scheme.

Outline planning permission for  the the 3.25 acre project was given in September 2009 and includes office space, flats, shops, restaurants, a bowling alley and a public square.

Sourced from Reading Evening Post

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