Bringing these long-vacant and derelict properties on Friar Street and Market Place back into viable uses
Creating an initial 100 construction jobs and around 100 new job opportunities in the hotel, the shop units and the refurbished pub
Attracting visitors and customers to the hotel, restaurant, pub and new shops in this prime town-centre location close to Reading station
Delivering eight new homes
Generating an annual £3,900,000 of hotel visitor spending into the local economy
Adding a new vibrancy and pedestrian links around Town Hall Square and Market Place Square
Reintroducing two new retail or commercial units and a refurbished pub in the listed buildings
Achieving energy reductions, a BREEAM rating of Very Good and include sustainable drainage and green roofs.
Generating in excess of £555,000 per annum of Business Rates from the new hotel, retail units and restored pub, and £15,000 per annum of Council Tax from the new flats.