Planning consent for hotel and restaurant in Reading

Detailed planning consent has been secured for a 101-bedroom Premier Inn hotel and ground floor Bar+Block 150-cover restaurant, at Broad Street Mall in Reading.Inception (Reading) SARL Ltd, asset managed by Moorgarth Group, has been granted the approval.Inception acquired the shopping centre and adjoining office building Fountain House in 2015 and commenced a full refurbishment in 2016, with a view to broadening the retail and leisure offer.Iceland committed to relocating from Weldale Street in the town centre last year and signed a ten-year lease on a new 9,000 sq ft store. Part of the former Argos store, the space has been reconfigured and will also incorporate a new boutique cinema and additional retailers.New Look and Poundland have also just committed to their long-term future at the centre by signing new ten-year leases .Moorgarth also recently gained permission from the planners for a new food hall concept at the southern side of the centre.