ENGIE awarded landmark Newbury regeneration scheme
Contractor secures £52m Market Street makeover
Market Street in Newbury is poised for 232 new homes and a multi-storey car park, after Grainger Newbury Plc has appointed ENGIE as their partner to deliver a £52 million regeneration scheme.
The 2.2-hectare site is currently occupied by a terrace of houses, a train station with car park, as well as a bus station. The partnership between Grainger, West Berkshire Council, Network Rail and now ENGIE will see significant investment over the coming years transforming the site.
ENGIE will deliver 219 of these private rental properties and 13 affordable dwellings on behalf of Grainger, a valued and strategic client, who will oversee the management of these homes and the development. On behalf of these partners, ENGIE will also construct a multi-storey car park, supporting the West Berkshire Council HQ and Newbury station in addressing a lack of local parking. This will provide 150 spaces for council employees and provide 347 spaces for local residents using Newbury train station, which is adjacent to the scheme.
The wider regeneration for Market Street includes 755 square meters of new commercial space, including a residents’ hub. The scheme also includes a brand-new bus station in Newbury Town Centre and pedestrian links between the station and Newbury town centre.
Design work will continue over the coming months, with construction anticipated to start early in the New Year.
ENGIE specialises in working in partnership with stakeholders to create sustainable places for people to work live and play in. This scheme will achieve these objectives by not only transforming the built environment but also by addressing real local housing challenges and needs such as parking and supporting vital transport links.
Dan Germann, Regional Managing Director for ENGIE’s Places & Communities division, said: “This work forms a key part of West Berkshire Council’s Newbury Vision 2025, which we are well placed to deliver in a way that will enhance the community and improve the lives of local residents.
“The foresight of the partners involved in this project is what makes it even more remarkable. Housing provision was identified as a local issue, but the team recognised the potential strain this would put on existing infrastructure. They have developed a very carefully considered strategy that ascertains issues then offers solutions, and we have worked extensively with Grainger to achieve their vision.
“As a business with a broad set of capabilities, we are committed to promoting a collaborative approach to placemaking that enables housing provision, economic growth and transformational services. We’re delighted to be bringing our expertise in this area to the table and look forward to starting on site in the New Year”.
ENGIE is expected to complete production on the new homes in August 2020.