In April 2025, the Reading Borough Council approved a large-scale redevelopment plan for the Broad Street Mall, led by investment firm AEW in partnership with developer McLaren Living. The project aims to transform the aging shopping center into a modern, mixed-use residential and commercial district.
Key Project Details
The redevelopment includes the construction of four residential towers comprising 643 apartments, of which 80 units will be allocated as affordable housing. Additionally, the plan includes 1,765 square meters of commercial space for retail, dining, and leisure purposes.
The total development area spans 1.86 hectares, promising a substantial transformation of Reading’s town center.
Funding and Infrastructure Contributions
The developers have committed to contributing approximately €6.3 million to local infrastructure development. These funds will support improvements in public spaces, streetscapes, and community facilities.
The project is privately funded and represents one of the most ambitious urban revitalization efforts in Reading in recent years.
Environmental and Energy Standards
The development is designed to meet high environmental standards. All residential units will be rated Energy Class B or higher, ensuring strong energy performance. Commercial spaces will be certified BREEAM “Excellent”, a benchmark for sustainable buildings.
Features will include solar panels, heat pumps, and rainwater recycling systems, contributing to a reduced carbon footprint and long-term sustainability.
Urban Integration and Master Planning
The Broad Street Mall redevelopment is part of a broader urban regeneration vision for central Reading. It complements nearby projects such as Minster Quarter, which will add around 600 new homes to the area.
Together, these developments support Reading’s goal of creating a vibrant, inclusive, and sustainable urban environment.
Developer Statements
Charles Royle, portfolio manager at AEW, commented:
“This redevelopment will reshape Broad Street Mall into a high-quality residential and retail hub that meets the needs of the growing Reading community.”
Oliver Westrey, development director at McLaren Living, added:
“We’re proud to deliver a sustainable, lively district that reflects Reading Borough Council’s vision for the future.”
Conclusion
The approval of the Broad Street Mall redevelopment marks a milestone in Reading’s transformation. More than just a facelift, the project demonstrates how urban regeneration can blend economic investment, sustainable design, and community value.
With the support of AEW and McLaren, the city stands to gain:
- hundreds of new homes, including affordable units,
- revitalized commercial and retail offerings,
- improved public infrastructure and green spaces,
- long-term environmental and social benefits.
As Reading evolves, this project serves as a forward-looking blueprint for inclusive, resilient, and livable cities in the 21st century.
