NEWS

The latest property stories coming out of the Thames Valley

03/14/2016

Slough prepares for £450m uplift

Rarely in Slough’s short history has the chance to boost its image been so great. Developers have noticed the town’s proximity to London and Heathrow airport makes it probably the biggest beneficiary of Crossrail and the proposed western rail link to the airport. Combined with the capital's sky-high property prices and rents and possible Heathrow expansion, Slough is witnessing a massive uplift including the £450 million Heart of Slough project and many other private schemes. There are 34
03/11/2016

Rumours and movers: Segro and 9 Greyfriars

Clean Linen Services Slough Trading Estate owner Segro has completed letting the first phase of its Buckingham Avenue development. Clean Linen Services has taken 43,000 sq ft it will use as the main hub for its processes in the London and South East area. The unit will be used to wash over one million pieces of linen each week. It’s one of three buildings totalling 71,000 sq ft where the other tenants are Pantos Logistics, Korea's largest logistics company and PWS Distributors. The second phase
03/11/2016

The Voice of Retail: 15 restaurant operators eye up Reading

Fiona Brownfoot is retail partner at Hicks Baker in Reading. It’s not just an army that marches on its stomach…..it would appear that the townsfolk of Reading have an insatiable appetite (pun intended) for eating out. There are currently 15 new restaurant operators ‘in discussion’ on approximately 32,000 sq ft of space in the town centre. The majority of the space is ‘subject to planning’ so may not translate to actual deals but it is nevertheless a very interesting snapshot of the confidence
03/10/2016

Bellway accused of 'cheapskating' on Kenavon Drive scheme

Planning conditions are to be tightened at Reading Borough Council after housebuilder Bellway was accused of ‘cheapskating’ over a development in Kenavon Drive. Cllr Tony Page, who is deputy leader of the council and lead councillor for strategic environment, planning and transport, was speaking at Reading Borough Council’s planning applications committee meeting on Wednesday, (March 9), on the Reading Gateway development when the question arose of whether infrastructure such as roads would be
03/10/2016

Reading Gateway wins approval

Plans for a major mixed use scheme at Reading Gateway were passed on Wednesday (March 9). Councillors described the plans as the most acceptable of any which have been proposed for the 22-acre site close to J11 of the M4. Kier Property's application includes up to 175 homes (89 two, three and four bed houses and 86 one and two bed flats), 12 flexible commercial units, two car showrooms with provision for MOTs, three large retail warehouses, 120-bed hotel with pub/restaurant and a coffee shop,
03/09/2016

Lord Deighton becomes Heathrow chairman

Heathrow Airport Holdings Ltd has announced Lord Paul Deighton as successor to Sir Nigel Rudd as chairman of the board when he steps down later this year. Lord Deighton will guide Heathrow through its next phase of development and preparing for the Government’s decision on airport expansion. Following a career at Goldman Sachs, Lord Deighton helped deliver the 2012 London Olympic Games as chief executive of LOCOG (London Organising Committee of the Olympic Games). A commercial secretary to
03/09/2016

Reading Bridge House goes up for sale

M&G Real Estate has confirmed it has put Reading Bridge House on the market less than two years after buying the building for £35.2 million. The 114,000 sq ft building was bought out of receivership in February 2013 by a joint venture between Lumina Real Estate Capital and office developer and investor Wrenbridge for just £10.85m. The joint venture spent £6.5m completing a refurbishment which had begun in 2007 but only covered parts of the building that were empty at that time. The upgrade
03/08/2016

ITC report says technology will help fix Heathrow challenges

A report published yesterday suggests environmental challenges around Heathrow expansion could be overcome. And the Independent Transport Commission (ITC) report, called The sustainability of UK Aviation: Trends in the mitigation of noise and emissions, concluded it was “possible for the UK to drive down the environmental costs of aviation while realising the great connectivity benefits that an expanded hub can provide.” The ITC, a research charity focused on transport, land-use and planning

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Independent Property
NEWS & VIEWS

Reporting daily from the Thames Valley tvproperty.co.uk

News

Slough prepares for £450m uplift

Rumours and movers: Segro and 9 Greyfriars

The Voice of Retail: 15 restaurant operators eye up Reading

Bellway accused of 'cheapskating' on Kenavon Drive scheme

Reading Gateway wins approval

Lord Deighton becomes Heathrow chairman

Reading Bridge House goes up for sale

ITC report says technology will help fix Heathrow challenges