3rd Mar 2022

Sir Robert McAlpine breaks ground on Phase 2 of Station Hill, Reading

Sir Robert McAlpine has broken ground on Phase 2 of Station Hill in Reading, the £750m development brought forward by Lincoln MGT, a joint venture between Lincoln Property Company and MGT Investment Management.

Sir Robert McAlpine is delivering the most prominent phase of the regeneration project, which includes ONE Station Hill, a new public square and a link bridge providing level access from the train station through to the town centre. This latest phase will be completed in early 2024.

Preparatory works have already begun on ONE Station Hill, with the town centre now visible from the train station for the first time in generations following the demolition of the Garrard Street car park, regarded by many as an outdated and unpleasant welcome to Reading.

Construction on the first phase, a new 600-home community, is well underway, with completion expected in Q4 2023 and the first homes ready to occupy in Q2 2023.

Once complete, Station Hill will comprise up to 625,000 sq ft best-in-class office space, 1300 private and affordable homes, and 95,000 sq ft of new lifestyle-led retail and leisure space, including potential for a 200-bed hotel and later living accommodation, and central two-acre piazza. This will deliver a truly sustainable eco-system of blended uses that complement one another, setting a new benchmark for regional regeneration.

Alex Aitchison, Director of Development at Lincoln Property Company UK, added:

“As we continue apace on the first phase of Station Hill, already the largest-ever speculative project in the history of the Thames Valley, this moment marks the start of a new future for Reading. Sir Robert McAlpine brings with it over 150 years of experience delivering iconic construction projects and we are delighted to partner with them to deliver a unique, cohesive vision for the people of Reading.

“As the custodians of this special opportunity, we look forward to promoting confidence in the fundamentals of Reading, which is already viewed as a highly attractive destination for overseas capital. Station Hill will lead the way in acting as a catalyst for inward investment into Reading and its drive for city status – creating a true capital of the Southeast.”

Latest news from ONE Station Hill

  1. National BCO Awards 2025

    28 May 2025

    ONE Station Hill reaches the national final after scooping South West and Wales regional prize for Commercial Workplace

    Read more about
  2. ONE Station Hill reaches practical completion

    06 Dec 2024

    Congratulations to all those who have worked on ONE Station Hill in Reading as the project completes.

    Read more about
  3. Considerate Construction Scheme (CCS) Award winners

    23 May 2024

    Project teams honoured with National Site Awards by the Considerate Constructors Scheme (CCS)

    Read more about

Latest news

  1. National BCO Awards 2025

    28 May 2025

    ONE Station Hill reaches the national final after scooping South West and Wales regional prize for Commercial Workplace

    Read more about
  2. More accolades for the Elizabeth Tower

    23 May 2025

    Flagship restoration project scoops RIBA London Award

    Read more about
  3. Winners announced for CCS awards 2025

    20 May 2025

    Multiple projects pick up awards at the CCS National Site Awards

    Read more about
View all news