Contract award · 6 Feb 2024

Minster Quarter Reading- Development

Reading Borough Council awarded “Minster Quarter Reading- Development” to McLaren Living Ltd for £220m on 6 Feb 2024.

Real estate servicesSouth East

Value £220m

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
Reading Borough Council · Regional or local authority
Value
£220,000,000
Procedure
Competitive procedure with negotiation
Sector
Real estate services · Development services of real estate (CPV 70110000)
Timeline
  1. Contract date6 Feb 2024
  2. Published6 Feb 2024Published the same day

Description

Minster Quarter Central is situated to the south west of Reading station on the edge of the core retail area and is in close proximity to the Oracle shopping centre. The site is approximately ten minute's walk from Reading Station and offers frontage onto the Inner Distribution Road (IDR). It also bounds Castle Street and St Mary’s Butts which are historic streets that once formed part of the Saxon Centre of Reading. Both streets fall within the St Mary’s Butts/Castle Street Conservation Area. The Russell Street/ Castle Hill Conservation Area is on the western side of the IDR, opposite the Minster Quarter Area. The site is situated in the heart of Reading’s hugely attractive and busy town centre which acts as the region’s main shopping destination, is a major transport hub and soon to benefit from the opening of the Elizabeth Line. The site adjoins regionally popular Hexagon Theatre and is also located in an area due for significant investment and regeneration in the next few years

About the supplier

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