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abrdn to redevelop Reading's Forbury Retail Park

28 September 2023
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The Business Magazine article image for: abrdn to redevelop Reading's Forbury Retail Park
Credit: Squire & Partners

Investment company abrdn has announced plans to redevelop Reading's Forbury Retail Park into 820 homes in 12 tower blocks.

The flats are expected to be a mixture of one, two and three-bed apartments, none of which will be affordable housing.

If accepted then the plans would see the on-site KFC drive-thru demolished to make way for the residential towers. Up to 200 car spaces and 860 cycle spaces are included in the plans in the basements of the towers.

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Sketches, seen above as the featured image for the article, reveal that the current tarmac carpark will make way for paved space on which trees and hedges will be grown.

A spokesperson for Abrdn said: "We're excited to unveil our plans for this significant regeneration scheme, which seeks to make more of this sustainable, central site by creating a new community that puts green public spaces first.

"Half of the site will be set aside for landscaped green spaces, significantly increasing biodiversity."

Read more - Spot in the Woods hotel in Hampshire gets new owners


Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.

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