Residential development planned for part of Reading’s Oracle Centre

By Sam Pither

1 August 2022

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Sections of Reading’s Oracle Centre could be changed into a mix of residential and commercial space under new plans proposed by owners Hammerson.

The proposals would see the former Debenhams part of the oracle, along with the Vue cinema, transformed into around 475 rental apartments along with co-working space and new leisure and entertainment facilities.

Satellite imagery with the site of the proposed developments highlighted in red

Reading-based planning agents Turley have set up a website to invite public opinion on the proposals, which is now live. Also included are a series of CGI images which offer a vision of what the area could look like.

However, as reported by The Reading Chronicle, the plans may face resistance as no such development features in the 2019 Reading Local Plan.

While the plan does feature an extension of The Oracle between the River Kennet and Mill Lane for 1,600–2,000 square metres of new retail space, there is no mention of homes or flexible office space.

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A CGI of the proposals, from the perspective of High Bridge, London Street

The council also expects any development in the area to address the risk of flowing and contamination on the site, and to enhance the conservation of the area. If these goals could be met, then it is possible the developers may find some leeway.

Alongside the website, an in person drop in event will occur at The Oracle on 12 August, between 11am and 4pm, with information remaining available until 26 August. There will also be a live webinar to provide further information on Tuesday, August 23, between 6pm and 7pm.

Since the Oracle opened in 1999, it has drastically transformed Reading's town centre. Read more - How The Oracle transformed retail in Reading

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.