Developer Grainger has been appointed to develop a 5.5 acre site in the centre of Newbury
West Berkshire council and Network Rail appointed Grainger to developer the site, which lies between the railway station and Market Street and includes the existing bus station and council car park.
Grainger will work up plans for a residential led development on the Newbury site that will also increase parking for the mainline station, and provide pedestrian links to Northbrook Street, Market Place and beyond.
The scheme will be funded as a private sector development through Grainger, with the land owned by West Berkshire Council and Network Rail.
Pamela Bale, West Berkshire’s executive councillor for town centres said: “The plan to improve this site will create a new gateway into Newbury and ultimately bring significant economic benefits for the whole town.
“It forms a key part of the Newbury Vision 2025 which has already delivered projects such as Parkway, the cinema, and the town centre pedestrian realm. The council look forward to seeing ideas from Grainger for this latest project, which will then be used to consult with the public later this year.”
David Walters, development director at Grainger said: “Newbury is one the best connected towns in the South, with substantial future investment committed by Network Rail and a number of significant commercial schemes in the town already delivered.
“We believe there are strong prospects for the future in Newbury and we are delighted to be working with both West Berkshire Council and Network Rail on this important project.”