Opposite Forbury Gardens and Apex Plaza, the development is seen as key to establishing the area around Reading Railway Station as the major focus for office development in the town.Reading Borough Council is keen to secure city status by 2020 and so is promoting the area around the Station and encouraging developers to increase densities and create a townscape worthy of supporting Reading's unofficial title as the capital of the Thames Valley.
Absolute and Energis worked closely with the local authority in working up the plans for the site and both parties are delighted with the consent for three separate buildings, one of 246,000 sf on ten storeys, one of 214,000 sf on eight storeys and one of 165,000 sf on six storeys. Absolute hopes to start the first 165,000-sf phase in mid 2002.
Absolute has a current development programme of over 1 million sf worth over £300 million ($435 million) and has more than doubled the size of its portfolio every year since it was formed in November 1999.
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