Latest property news from BNP Paribas Real Estate UK, the leading property adviser
19 March 2019
FRASERS PROPERTY UK ANNOUNCES NEW LETTINGS AT WINNERSH TRIANGLE
Frasers Property UK has announced a string of new lettings totalling 77,000 sq. ft. at Winnersh Triangle in Reading, Berkshire.
The main activity has been at the newly refurbished office building 1020. Here, four new lettings have completed to: software company E2Open (7800 sq. ft.); telecoms business Arris (6,200 sq. ft.); technology specialists Scansource (10,000 sq. ft.) and resourcing solutions organisation Gattaca plc (5,200 sq. ft.).
Further, the global engineering firm, Aker Solutions has decided to consolidate at Winnersh by restructuring its lease on 53,000 sq. ft. of technical space at 310 Wharfdale Road whilst also acquiring the adjoining office building at 270 Wharfdale Road, which totals 13,000 sq. ft.
Additionally, Frasers has recently announced the letting of the first and second floors of 220 Wharfedale Road, totalling 34,500 sq. ft. to Regus. This enables the park to expand its range of office products and services and target the co-working, flexible working and SME markets.
Rupert Batho, Commercial Director at Frasers Property UK, says, “Frasers’ international experience within both the commercial and hospitality markets helps us evolve our wellbeing, lifestyle and service offering at Winnersh Triangle. Our focus on creating world-class workplaces is reinforced by our continued success in attracting such great international companies from a rich diversity of business sectors.”
Jeremy Metcalfe, Director in South East Office Agency at BNP Paribas Real Estate says “Since its acquisition of five business parks in the Thames Valley at the end of 2017, Frasers Property has completed over 340,000 sq. ft. of new lettings, which is testament to its unique approach to providing high quality service’.
2018 was the strongest level of take up in the South East since 2007 and the average vacancy rate across the South East has fallen to its lowest level since 2006. Frasers is delivering high quality refurbishments at Winnersh Triangle, Chineham Park and Watchmoor Park over the next 12 months and is well placed to add to its growing customer community.
BNP Paribas Real Estate and Vail Williams represented Frasers Property UK, Scansource and Arris were represented by Cushman & Wakefield, Gattaca by JLL and E2Open by CBRE.