Page last updated at 10:38 GMT, Monday, 29 September 2008 11:38 UK

Town centre development under way

Parkway Newbury
The 130m Parkway project will include 64 new shops

Work is beginning on a multi-million pound retail and housing development in a Berkshire town.

The project is under way on the 130m Parkway development involving 64 new shops, a department store and new homes.

It forms part of West Berkshire Council's Newbury Vision 2025 - which aims to create a number of "quarters" across central Newbury.

A new parking regime is being put in place to make way for the scheme.

From Monday, parking will not be possible in Park Way, Northbrook Place or the M&S car park. West Berkshire Council has freed up 150 spaces elsewhere to compensate.

David Danielli, chairman of the Town Centre Partnership's parking and transport group, said: "With this parking strategy in place, it will be business as usual while the Parkway project is under way.

"Once complete, the development's new 639-space underground car park will provide for the increased number of shoppers attracted to the town."

The Parkway development is being funded by Standard Life Investments.

Projects already completed include improvements to Bartholomew Street, and upgrading Market Place and Northbrook Street.

Other schemes include a revamp of Newbury Broadway and the canalside Wharf Project.

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