Reading Pre-let Boosts Thames Valley Office Market
June 16, 2010
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.
