Kennet Island
Encyclopedia
Kennet Island is a housing development in Reading, Berkshire
, England
. It is situated halfway between Reading town centre and the M4 motorway
.
Part of the development is covered by a Government-backed initiative called My Choice Homebuy, aimed at giving first-time buyers a chance to get on the property ladder
.
Kennet Island is developed by St James
, and the first properties were sold early 2007. It is still being heavily developed, and plans for the future include a new traffic circle
allowing easier access from the A33
dual-carriageway onto the estate itself. The Kennet Island development is one of the reasons why Berkeley Group
has been able to weather the 2008 recession.
The development is expanding rapidly, with two more phases planned, the latter of the two coinciding with an expansion of Prudential plc
, with new office buildings in a nearby industrial estate. In the 'Piazza', the central square of Kennet Island, is where the shops and several water features are located.
Reading, Berkshire
Reading is a large town and unitary authority area in England. It is located in the Thames Valley at the confluence of the River Thames and River Kennet, and on both the Great Western Main Line railway and the M4 motorway, some west of London....
, England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. It is situated halfway between Reading town centre and the M4 motorway
M4 motorway
The M4 motorway links London with South Wales. It is part of the unsigned European route E30. Other major places directly accessible from M4 junctions are Reading, Swindon, Bristol, Newport, Cardiff and Swansea...
.
Part of the development is covered by a Government-backed initiative called My Choice Homebuy, aimed at giving first-time buyers a chance to get on the property ladder
Property ladder
The property ladder is a term widely used in the United Kingdom to describe an individual or family's lifetime progress from cheaper to more expensive housing. According to this metaphor, cheap houses for first-time buyers are at the bottom of the property ladder, and expensive houses are at the top...
.
Kennet Island is developed by St James
Berkeley Group Holdings
The Berkeley Group Holdings plc is a British housebuilding company based in Cobham, Surrey. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
, and the first properties were sold early 2007. It is still being heavily developed, and plans for the future include a new traffic circle
Traffic circle
A traffic circle or rotary is a type of circular intersection in which traffic must travel in one direction around a central island. In some countries, traffic entering the circle has the right-of-way and drivers in the circle must yield. In many other countries, traffic entering the circle must...
allowing easier access from the A33
A33 road
The A33 is a major road in England. The road formerly ran from Reading to Southampton, but now consists of three disjoint sections:*Reading to Basingstoke*The A30 road south of Basingstoke to just north of Winchester...
dual-carriageway onto the estate itself. The Kennet Island development is one of the reasons why Berkeley Group
Berkeley Group Holdings
The Berkeley Group Holdings plc is a British housebuilding company based in Cobham, Surrey. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
has been able to weather the 2008 recession.
The development is expanding rapidly, with two more phases planned, the latter of the two coinciding with an expansion of Prudential plc
Prudential plc
Prudential plc is a multinational financial services company headquartered in London, United Kingdom.Prudential's largest division is Prudential Corporation Asia, which has over 15 million customers across 13 Asian markets and is a top-three provider of life insurance in mainland China, Hong...
, with new office buildings in a nearby industrial estate. In the 'Piazza', the central square of Kennet Island, is where the shops and several water features are located.