Shopping centre's £158m revamp recommended for approval

The latest proposal has switched the emphasis to rental properties in a "build-to-rent" scheme

Plans for a £158m shopping centre redevelopment, which offers 427 rental flats, have been recommended for planning approval.

The scheme for the Kennet Shopping centre in Newbury will go before West Berkshire Council’s western area planning committee on Thursday.

It is made up of nine residential blocks ranging from two to seven storeys in height.

Developers Lochilort have previously had plans for the site refused.

A walkway would sit underneath the flats, as well as a new shopping area with business units.

The Vue cinema will also get an upgrade.

The latest proposal is likely to be approved as it has switched the emphasis to rental properties in a build-to-rent scheme.

This type of development is generally considered a positive way of meeting a growing demand within the UK’s housing market.

Build-to-rent properties are often able to be developed faster, as they can be absorbed into the market more quickly.

They also offer increased choice for people who are not eligible for social housing yet cannot afford to own their own home.

There are no details about how much the flats will cost to rent.

Conservationists are less keen on the idea saying the development is "out of character" for Newbury.

Other public objections say the plans are more suited for commuter towns such as Bracknell and Wokingham, and that no homes will be available to buy.

Those in support say the town is "dying" and the injection of capital investment and new residents will bring "life and vibrancy" back to the town centre.