Lincoln MGT’s £750 Million Regeneration of Station Hill, Reading

In UK Gowling WLG, advised on the matter.

Gowling WLG advised MGT Investment Management with a team including Mark Stephenson (Real Estate), Matt Walker (Picture – Real Estate).

Lincoln MGT, the Joint Venture between Lincoln Property Company and MGT Investment Management, is delivering a transformational mixed-use development for Reading and the Thames Valley.

The high profile development, comprising an initial phase of 600 build to rent apartments, also includes the demolition of the former multi-storey car park in Garrard Street to make way for phase two. Phase two includes ‘ONE’ Station Hill (a 275,000 sq ft office building), a new public square and a link bridge providing level access from the train station through to the town centre. Both phases will be completed in early-2024.

Once complete, Station Hill will comprise up to 625,000 sq ft best-in-class office space, 1300 private and affordable homes, and 100,000 sq ft of new lifestyle-led retail and leisure space, including potential for a 200-bed hotel and later living accommodation, and central two-acre piazza. This will deliver a truly sustainable eco-system of blended uses that complement one another, setting a new benchmark for regional regeneration.

The Gowling WLG team advising Lincoln MGT comprises of client partner and project lead Matt Walker (Picture) with assistance from principal associate Helen Monro, associates Jas Daniel and Emily Snell (real estate) and partner Mark Stephenson and principal associate Sarah Morris Poxton (construction).

Involved fees earner: Jas Daniel – Gowling WLG; Helen Monro – Gowling WLG; Sarah Morris Poxton – Gowling WLG; Mark Stephenson – Gowling WLG; Matt Walker – Gowling WLG;

Law Firms: Gowling WLG;

Clients: MGT Investment Management;

Author: Giulia Di Palma