LBB secures cost-saving structural warranty solution for Berkeley Homes’ riverside development in Reading
Protecting developments today. Powering the communities of tomorrow.
Project Overview
Developer: Berkeley Homes
Location: Reading
Development: 209 new apartments
LBB Consultant: Rachel Bryant
LBB has successfully arranged a 10-year new homes structural warranty as well as 12-year social housing cover for Berkeley Homes (Western) Ltd on its landmark mixed-use riverside development in Reading, achieving significant cost savings and enhanced protection for the developer.
The project, set to complete in 2028, will transform the former SSE site into 209 new apartments across seven buildings, ranging from one to 11 storeys. The scheme includes a new riverside walk, café, and pedestrian and cycle links, with 30% of the homes delivered as affordable Rent-to-Buy properties in partnership with Metropolitan Thames Valley Housing.
Working with warranty provider BLP, backed by Aviva, LBB was able to deliver a warranty solution that provides:
• £300,000 saving compared to a competitor quote.
• Full reinstatement value cover, ensuring the development is comprehensively insured from the outset.
• Index-linked protection, meaning the cover grows in line with rising property values year on year.
• Global recognition and security, thanks to Aviva’s trusted brand and significant market capacity – reassuring both UK buyers and overseas investors.
Berkeley Homes approached LBB directly, reflecting a relationship built over more than a decade. Rachel Bryant, Principal Consultant at LBB, has worked closely with the Berkeley Western region for 10 years, providing continuity, sector expertise, and trusted advice.
Rachel commented:
“Berkeley Homes wanted a warranty solution that combined robust protection, international credibility, and value for money. By working with BLP, backed by Aviva, we were able to not only achieve significant cost savings but also deliver a policy that gives long-term peace of mind for the developer and its buyers. This project is an exciting regeneration scheme for Reading, and we’re proud to play a role in supporting its delivery.”
The scheme features a mix of one to four-bedroom apartments designed by Symmetry Architects (James Framton), inspired by the heritage of the site’s former power station. The development balances private sale units with affordable housing, strengthening the local community and enhancing connectivity with new public spaces.
This case study is intended for professional clients and does not constitute personal advice or a financial promotion to retail customers.
The London Belgravia Group Provides Risk and Insurance Advisory Solutions to Global Property Developers. London Belgravia Brokers Ltd, t/a LBB, is an appointed representative of Ten Insurance Services Ltd t/a Eleven Network, which is authorised and regulated by the Financial Conduct Authority
