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Reading office market hots up

May 2019 - Property Week

Reading office market hots up

Developers are exploring other opportunities.  “Several developers are looking at how to respond to occupier demand, says Duncan Campbell, director at Reading agent Campbell Gordon.

“Rents are approaching £40/sq ft and the fundamentals are in place to make office schemes very appealing.”

Landid Property has worked in Reading for more than 20 years and has more appetite than ever to develop grade A space.  As part of a joint venture with Brockton Capital, the developer has brought two office schemes to the market since 2015.  The most recent one, Thames Tower, is now more than 80% let.

“Our experience with Thames Tower has been a joy,” says Landid managing director, James Silver.  “More than half the space we’ve let is to occupiers from outside the area and our tenants are from a huge range of sectors.  We’re really keen to keep delivering in Reading – build it and they will come.”