Reading Pre-let Boosts Thames Valley Office Market

The beleaguered Thames Valley office market has been given a much needed boost today with news of a major pre-let at the Pru’s Green Park on the outskirts of Reading.

Quintiles, the world’s largest pharmaceuticals group, has signed a deal to take 120,000 sq ft offices at £27 per sq ft.  No further details are available at the moment but it looks as if they have stepped in to the shoes of Wyeth, who pulled out of a similar deal earlier this year. 

While this is great news for Reading its not so good for Bracknell – Quintiles is coming out of three buildings (totalling 160,000 sq ft) in the town.

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