Newbury: St Modwen to develop 25-acre site

West Berkshire Council has selected St Modwen as development partner on the redevelopment of the 25-acre London Road Industrial Estate site in Newbury.

St Modwen will work alongside the council on the project, which will retain freehold ownership of the commercial and industrial area, to create a mixed-use development comprising business, retail and residential.

The plan includes 300-400 new homes, a food store and a range of office and business accommodation – extending to 80,000 sq ft, as well as a new road, which will be accessed via the A339.

Brian Raggett, partner at Strutt & Parker which is advising West Berkshire Council, said: “Following a competitive pitch process, West Berkshire Council has chosen St Modwen to be its trusted partner to bring forward this significant new project on a site which is integral to the revitalisation of Newbury as a whole. St Modwen has an impressive track record in successfully delivering substantial mixed-use developments of this size and stature and it’s fantastic to have them on board.”

Tim Seddon, St Modwen’s regional director for London and the South East, said the company was looking forward to realising the potential of the site: “This is an extremely exciting opportunity to sensitively regenerate this major site in the heart of Newbury, to provide attractive modern employment space, new homes, a hotel and a foodstore.

“By introducing a greater mix of uses we intend to attract new industries, occupiers and jobs to Newbury, while also opening up the site, integrating it with the town centre and taking advantage of its waterside location.

“We’re now looking forward to working up our plans in partnership with West Berkshire Council to develop a sustainable scheme, which meets the needs of new and existing businesses, residents and which will provide a positive economic boost to Newbury as a whole.”