McLaren Living, the specialist national developer, with a focus on the build-to-rent market, has partnered with AEW, the real estate investment manager, to redevelop Broad Street Mall and bring forward a new mixed-use neighbourhood in Reading town centre.

Located in the heart of Reading town centre, the new development is close to local shops, cafes, bars and a theatre as well as being in close walking distance to Reading train station, with direct links to London and the South West.

The proposals to redevelop the southern part of the 4.6-acre site include approximately 600 market and affordable Build-to-Rent homes and 15,000 sq ft of space comprising commercial, retail and leisure. The residential buildings will be strategically positioned to the south of Broad Street Mall, tracing the path along Dusseldorf Way and integrating into the wider Minster Quarter masterplan.

The mixed-use development will also deliver publicly accessible open space and an improved landscaping scheme to both Queens Walk and Dusseldorf Way, which forms part of the wider proposals and will see significant investment in the regeneration of the area.

Following extensive consultation, McLaren Living plans to submit a planning application to Reading Borough Council in early 2024.

Oliver Westray, Development Director of McLaren Living, commented:

We are extremely excited to be working with AEW to bring forward a reinvigorated mixed-use neighbourhood in Reading town centre. Our plans for Broad Street Mall will see an upgrade to the shopping centre along with redevelopment plans, that will deliver much-needed new homes for rent, along with commercial, retail and leisure space, creating a renewed retail and residential destination for the town.

We look forward to working in partnership with Reading Borough Council to bring forward this transformation of Broad Street Mall.