This 109,000 sq ft mixed-use gateway scheme in Reading was a complex multi-phased scheme requiring collaboration along with knowledge, expertise and innovative ideas that could deliver a pre-let development that would have a great return on equity invested.
Kier Property identified this 20.5 acre site as a strategic development opportunity that could bring employment, residential, leisure and small scale retail to this part of Reading.
Delivering this significant retail and leisure scheme in a prominent location; adjacent to Junction 11 of M4, in close proximity to Green Park and The Madjeski Stadium was no mean feat. The fully integrated approach undertaken by the project team took months of careful planning from more than five parts of the Group.
Kier Property and Investec Structured Property Finance (Investec SPF) agreed an equity joint venture to purchase and fund the scheme. Following the purchase the residential land was sold to Bewley Homes for delivery and Kier Property completed a £40m forward funding deal with a client of Aberdeen Asset Management for the retail and leisure element of the pre-let scheme.
Several innovations were trialled during this project, including the use of an innovation seed fund, computer-vision combined with artificial intelligence-backed engine to objectively review on site progress and highlight potential risks to the real-time programme.
Reading Gateway is a fine example of how collaboration maximised with knowledge, expertise and innovative ideas can deliver a pre-let development resulting in a great return on equity invested. This scheme reflects the integrated offer Kier has to offer and the benefits it can bring.
The 85% pre-let space boasts household brands including Wren Living, Premier Inn, Costa, Beefeater and Burger King. The project also contributed to a total social value of £138m in the Reading area (data provided by the Kier SoCC) and generated 263 jobs. The innovative lightweight frame construction method used on the hotel was also featured in Construction News.
The Aperture is the first phase of residential buildings on the Greenwich Peninsula. This five storey building comprises of a restaurant and deli on the ground floor, day nursery on the first floor, estate management and a community centre on the second/third floors with a gym on the remaining floors.
Developing more than three million sq ft of award winning speculative industrial space, with sizes ranging from small start-up to national distribution units through Kier Property's Trade City and Logistics City brands.
Developing Chester's largest and most ambitious ever creative project, working in a restricted city centre location, adapting the programme when a Roman building was discovered on site, restoring and revitalising a Grade II Listed building, creating new cultural spaces and receiving the Arts Council's highest ever score for a building.
Developing the first site outside Devon and Cornwall for Trago Mills, an independent, family owned and run discount leisure retailer. Bringing much needed employment to the area it includes 11 retail units, external sales area, café, garden centre, goods yard, ice cream stall, bandstand, adventure dome and model railway.
Transforming a tired council facility into a modern new leisure centre in the north of Sheffield, adhering to Sport England guidelines and taking on board local concerns, introducing a bold exterior design and keeping to tight deadlines.
Completing the penultimate phase of the £65m waterfront development, taking it through the planning process, regenerating over 17 acres in Walsall including The Light Cinema and popular national restaurant chains, making the most of a canalised location and engaging with the local community.
Delivering the £450m Watford Riverwell as a 15-20 year joint venture with Watford Borough Council, which involved regenerating 70 acres of land in West Watford to create residential, office, retail, leisure, industrial and hotel space.
Identifying this 20.5 acre site in Reading as a strategic development opportunity, delivering a retail and leisure scheme including new homes, a hotel, retail space, car showrooms and industrial units, trailing new innovations and generating 263 jobs and £138m of social value.
Creating a new retail and leisure heart for the town comprising 23 shops, restaurants and bars, together with a multi-screen Empire cinema, 60 bed Premier Inn hotel and a 345 space car park.
Transforming the former Manor and Kingsway Hospitals situated 1.5 miles west of Derby city centre, creating a diverse and thriving community of 700 homes with recreational facilities, retail space and a business park to create 450 jobs.
Converting a 1920s office building in Cardiff into a 122 bedroom Hotel Indigo, the boutique hotel brand of InterContinental Hotels Group, for Maven Capital Partners with Sanguine Hospitality. Crafting spaces throughout the hotel to reflect the history and vibrancy of the city and a rooftop Marco Pierre White restaurant.
Constructing a new retail unit that included remodelling existing car parks, a major re-alignment of the existing spine road - including removal of roundabouts - significant public utility services diversions and installation of toucan crossings.
Creating a new visitor centre at this Site of Special Scientific Interest after the previous one was damaged by a tidal surge, ensuring its protection from flooding and its coastal position, incorporating sustainable features and refurbishing an 1800s coastguard building to be used as an exhibition space.
Designing and constructing a new leisure complex within this holiday village on the edge of the Dartmoor National Park in Devon, including toddler and 20m adult swimming pools, Tornado and Twister flume rides, and water playground, gymnasium, other leisure facilities and associated plant and equipment.
Redeveloping a brownfield site to construct a new carbon neutral shopping park, creating the world’s first multi-let retail asset to achieve a BREEAM Outstanding rating.
Creating a viable and affordable facility that brought all Crewe's lifestyle services - pool, gym, sports hall, library, specialist daycare and family service facilities - together under one roof, meeting a diverse range of user needs and building within a constrained town centre site.
Restoring, renovating and extending this prestigious Grade A listed performing arts building, utilising building conservation techniques whilst internally upgrading the interiors and finishes to a high quality and installing new, modern building services and a/v equipment throughout.
Creating a new £19m aviation museum showcasing the role played by the Bristol site in Britain’s aviation history, including a hangar to house the last Concorde ever to fly, restoring a Grade 1 listed First World War hangar to create an exhibition space
Restoring an iconic building, taking part in feasibility studies to decide the best use of the building, working on the project to turn it into a seven-screen cinema with restaurants, coffee shop and retail units, winning multiple industry awards and creating something of huge importance to local people.