Mobile Network Giant’s Letting is Largest in Thames Valley Since Virgin’s Lease in 2018.

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2020 was an exceptionally bad year for most parts, but not all, of the commercial property market in the Thames Valley, writes Rob Marson, director at Campbell Gordon

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Reading-based Campbell Gordon has promoted Jake Booth and Rob Marson to director level.

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Thames Valley Specialist Has Promoted Duo After Major Contribution During Pandemic.

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Plans for 131 homes on Green Belt land at Ascot have been approved by the Royal Borough.

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Gemco Property Investments, owner of Bellbourne Nursery near Egham and Virginia Water, has secured consent for an additional 5,000 sq ft of residential development on the site.

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Reading-based consultancy Campbell Gordon has completed the sale of a 500,000 sq ft business park in Gloucestershire.

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Mabey Group has completed the sale of Lydney Harbour Estate in Lydney, Gloucestershire to Mercia Group for an undisclosed price.

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Campbell Gordon has sold the former Loddon Bridge Park & Ride site in Winnersh for an undisclosed sum.

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National Amusements has sold the Loddon Bridge Park & Ride site in Winnersh near Reading.

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Video conferencing business Pexip has become the first occupier of refurbished Earley East building at Thames Valley Park.

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Spear Street Capital have secured Pexip, a video meeting software technology company, for over 15,000 sq ft at the newly refurbished Earley East in Reading.

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Kennedy Wilson has secured Japan’s Kyocera for a further 10 years at Eldon Court, London Road, Reading, CoStar News can reveal.

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Duncan Campbell, director of property advisers Campbell Gordon, has appeared on a BBC video offering perspectives on furloughing during the COVID-19 crisis.

And Mr Campbell has given Thames Tap an exclusive view of the effects the crisis is having on transactions.

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Duncan Campbell said “The dilemma for me with regard to furloughing is that whilst we have definitely seen a reduction in workload and fee income, it is not black and white.  There is still work to be done by the team and what I would like to see is some more flexibility, in particular the ability to retain staff on a part-time basis so for the government to top up the payments as far as they can during the period that they are not working for the business and for us to pay them for the number of days that they do work for the business.”

https://www.bbc.co.uk/news/business-52169825

Topping out has taken place at the new 240,000 sq ft office development at Green Park, ahead of an expected Autumn completion.

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The Rt Hon Alok Sharma MP together with pupils from Whitley Park Primary School have attended a topping out ceremony at Mapletree’s Green Park on Friday 28 February, 2020 for its latest phase of development at 400 and 450 Longwater Avenue totalling 233,988 sq ft of Grade A office space.

To mark the occasion, the MP for Reading West helped the local primary school children plant a sapling tree and joined them on a guided tour of the development.

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16th Century Yateley Hall attracts ‘significant interest’.  A stunning 16th Century former home has gone on the market with Campbell Gordon.

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Reading’s Bristol & West Arcade, has gone on the market with new development possibilities.

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Around 80 Thames Valley property professionals heard of the stark changes in the industry over several decades, when UK Property Forums held its Figgy Pudding Christmas lunch.

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Planning consultancy Lichfields has moved its Thames Valley office to Reading’s Apex Plaza.

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There are two areas where, as an office occupier taking on a new lease, you can ‘win’ or ‘lose’ – the immediate commercial terms, and the commercial terms that bite or benefit in the future, writes Hannah Rodgers, leasing and acquisition graduate surveyor at Campbell Gordon

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Only a few years ago, the rhetoric around business parks was decidedly negative.  Old fashioned and out of touch with the needs of modern occupiers, they were destined to lose out to town centre office schemes.

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Westcore has introduced the ‘Flow’ fitted suite concept at Kennet Place

Westcore has signed Berkeley Homes for a fitted suite concept – ‘Flow’ – at Kennet Place in Reading.

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Campbell Gordon director Duncan Campbell says it is too early to write off Permitted Development (PD) schemes.

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Demise of PDR ‘greatly overstated’

Marson Property has bought Abbey House, a 16,000 sq ft office close to Slough train station for conversion to residential.

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Mapletree has signed four new tenants and secured more space for three long-term tenants at 1.6m sq ft campus.

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Owner occupiers have bought 1 and 5 Queen’s Square at Ascot Business Park.

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Work has begun on the construction phase of the latest major development at Green Park.

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