January 2018 - Costar
Westcore Europe has signed Instant Managed Offices as its first occupier at Kennet Place, Reading, in what it said was largest office letting in Reading in 2017.
Westcore Europe bought Kennet Place in 2016 and working in partnership with Canmoor as development manager undertook a comprehensive refurbishment of the building, which was subsequently launched in July last year.
Instant Managed Offices has taken space on the second, third and fourth floors equating to 42,120 sq ft. The terms are based on flexible five-year leases with the rent at £31.50 per sq ft on premium floors.
Following this letting, the building has two floors remaining offering 25,996 sq ft, and can accommodate occupiers looking for space from 5,900 sq ft upwards.