--- title: "Minster Quarter Central, Reading | Development Opportunity" ocid: "ocds-h6vhtk-0357fa" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0357fa" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0357fa.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0357fa.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "READING BOROUGH COUNCIL" published: "2022-08-01" --- # Minster Quarter Central, Reading | Development Opportunity Buyer: READING BOROUGH COUNCIL Current stage: Planning OCID: ocds-h6vhtk-0357fa [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0357fa) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0357fa.json) ## Summary Reading Borough Council is planning a tender for the "Minster Quarter Central, Reading | Development Opportunity", focusing on construction work and related services. This project aims to identify a development partner to enhance a 5.2-acre site in Reading town centre, known for its vibrant shopping and transport connections. The ambitious project, valued at £200 million, seeks to deliver a mixed-use development that fosters growth, employment, and regeneration in a region poised for significant investment. Interested parties should be aware that a launch event is scheduled for 14 September, with further communication set for 19 September 2022. This tender presents a significant opportunity for construction firms, architectural and engineering service providers, and developers specialising in residential and mixed-use projects. Companies equipped to work on sustainable developments with a focus on affordable housing and public realm improvements would be particularly well-suited to compete. The redevelopment aims to create modern residential units, a hotel, and other commercial facilities, catering to Reading's growing economy and enhancing its appeal as a destination for high-quality living and business opportunities. ## Notice Development Partner Sought for Site of Huge Potential in Reading Town CentreReading Borough Council is seeking a development partner to deliver a best-in-class legacy development at Minster Quarter Central, centred around a sustainable, high-quality, mixed-use development with a unique character and sense of place that delivers growth, employment and regeneration at a key gateway to the thriving town centre. ### Lot Information Lot 1 Reading Borough Council ("RBC") is seeking a development partner to deliver a best-in-class legacy development at Minster Quarter Central, centred around a sustainable, high-quality, mixed-use development with a unique character and sense of place that delivers growth, employment and regeneration at a key gateway to the thriving town centre. There is an unprecedented opportunity to develop a 5.2 acre (2.1 hectare) site at one of the best located mixed use development opportunities in the UK with the potential to create a real landmark destination, minutes from the highly performing Oracle shopping centre. The site is situated at 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 in the south-east soon to benefit from the opening of the Elizabeth Line and boasting the regionally popular Hexagon Theatre. It is also located in an area due for significant investment and regeneration in the coming years with approximately 600 flats proposed on surrounding sites (not within RBC's ownership) as well as the potential for significant upgrades to the Hexagon Theatre in the next few years (subject to successful government funding bids). The ambition is to create a high quality residential-led development to enhance Reading as a destination of choice for high quality commercial and residential occupiers and visitors. Subject to planning, redevelopment proposals for Minster Quarter Central could include residential units providing a mix of private accommodation, Build To Rent and affordable housing, a 90 bed hotel, flexible working and conference facilities and outdoor performance space. Due to Reading's strategic location, excellent connectivity, highly skilled workforce and growing global appeal, the town provides an attractive proposition to develop a Build to Rent ("BTR") platform with the town characterised by affordable property prices, competitive rents and a thriving economy. The growth of BTR in key regional cities such as Reading has started to outpace London, with commuter belt towns offering more affordable space, a change in lifestyle and more outdoor space. This is particularly evident in Crossrail towns such as Reading, where due to increased levels of demand, house prices have seen significant growth since Crossrail's inception in 2009. In order to progress with the development, the Council is seeking to enter into a development agreement with the preferred development partner. The Council will be adopting Competitive Procedure by Negotiation as its preferred procurement process. The Council is looking for a development partner who can work with the Council to achieve its stated key objectives in respect of affordable housing, public realm and zero carbon as well as work in partnership with adjoining landowners to help realise the potential of the wider regeneration area. Interested parties are invited to attend the launch below and further details are available from Javid Patel - javid.patel@eddisons.com or Neil Houghton Neil.Houghton@eddisons.comA launch event will be held on 14 September at 10am at The Hexagon Theatre in Reading town centre where prospective bidders can find out more about the economic powerhouse that is Reading, the development opportunity and the Council's aspirations in respect of the site. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/021017-2022 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Works | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 1 Aug 2022 | | Submission deadline | Not specified | | Future notice date | 18 Sep 2022 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £200,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | READING BOROUGH COUNCIL | | Locality | READING | | Post town | Reading | | Postcode | RG1 2LU | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire | | ITL 3 | TLJ16 Berkshire West | | Local authority | Reading | | Electoral ward | Abbey | | Westminster constituency | Reading Central | | Delivery location | TLJ11 Berkshire | ## CPV Codes ### Divisions - 45 - Construction work - 71 - Architectural, construction, engineering and inspection services ### Codes - 45000000 - Construction work - 71000000 - Architectural, construction, engineering and inspection services ## Release History - 1 Aug 2022 at 17:12 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/021017-2022 ## Notice URLs - http://www.reading.gov.uk - https://in-tendhost.co.uk/readingbc/aspx/Tenders/Current ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0357fa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0357fa.json.