McLaren Living and AEW to regenerate Broad Street Mall

McLaren Living partners with AEW to regenerate Broad Street Mall into a mixed-use scheme with Build to Rent homes.

River Kennet, Reading. McLaren Living and AEW are set to regenerate the Broad Street Mall in Reading into Build to Rent | BTR News
River Kennet, Reading. McLaren Living and AEW are set to regenerate the Broad Street Mall in Reading into Build to Rent. © Copyright Stephen McKay and licensed for reuse under this Creative Commons Licence.

National developer McLaren Living partners with real estate investment manager AEW to redevelop Broad Street Mall shopping centre in Reading. The redevelopment of the mall will make way for a new mixed-use neighbourhood in the town centre.

McLaren Living plans to submit a planning application in early 2024 to Reading Borough Council, following an extensive consultation process.

The proposals include the redevelopment of the southern part of the 4.6-acre site, to deliver 600 market and affordable Build to Rent homes and 15,000 sq ft of space comprising commercial, retail and leisure.

The residential buildings will be strategically positioned to the south of the Broad Street Mall site – tracing the path along Dusseldorf Way and integrating into the wider Minster Quarter masterplan.

“We are extremely excited to be working with AEW to bring forward a reinvigorated mixed-use neighbourhood in Reading town centre. 

“Our plans for Broad Street Mall will see an upgrade to the shopping centre along with redevelopment plans, that will deliver much-needed new homes for rent, along with commercial, retail and leisure space, creating a renewed retail and residential destination for the town.

“We look forward to working in partnership with Reading Borough Council to bring forward this transformation of Broad Street Mall.”

Oliver Westray, Development Director, McLaren Living

The new Reading Build to Rent development will also include publicly accessible open space, and it will deliver an improved landscaping scheme to both Queens Walk and Dusseldorf Way, which forms part of the wider proposals and will see significant investment in the regeneration of the area. 

Broad Street Mall is in the heart of Reading town centre. Residents will benefit from being close to local amenities including shops, cafes, bars and a theatre. The development is also within walking distance to Reading train station, which provides direct links to London and the South West.