Hermes makes double Reading letting

May 2017 - Property Week

Hermes Investment Management has made a couple of lettings at its Abbey Gardens office complex in Reading.

The £26bn manager has signed up Inframon and Premier Group to Abbey Gardens South for a total of 10,200 sq ft.

Inframon, a specialist cloud service provider, has taken 2,644 sq ft on the ground floor on a five-year lease term, while recruitment firm Premier Grou has taken 7,556 sq ft on the fifth floor.

Stephen Ellis, asset manager at Hermes said: “These two lettings are a major turning point for this building following an extensive refurbishment to create grade A office space with excellent natural light, large floor plates and outstanding views over Reading.

“On the back of these lettings we have decided to increase the quoting rent for Abbey Gardens South to £31.50/sq ft.”

Campbell Gordon, Strutt & Parker and Montagu Evans acted on behalf of Hermes; Inframon and Premier Group were both unrepresented.