Plans by Brockton Capital and Landid for a £100m redevelopment of the Thames Tower office block in Reading, Berkshire, have been approved.
DNA Architecture-designed proposals comprise a 16-storey 183,000 sq ft development, opposite Reading train station.
The building, which has been empty since September 2010, was bought by the joint venture for around £20m from LaSalle Investment Management in January.
LIM was planning to demolish the building and replace it with a 25-storey skyscraper, but the plans were scrapped last summer.
Trevor Silver, chief executive of Landid, said: “Coupled with nearby international connections through to Heathrow and immediate Crossrail links to London and the Thames Valley through the station across the road, we’re very confident this is going to be the most sought-after office location in Reading.”
Tony Edgley, partner at Brockton Capital, added: “Reading has a fantastic future as an epicentre for the modern ‘knowledge economy’ businesses looking to cluster in town and city centres outside central London.”
