Thames Valley Park, Reading
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Thames Valley Park, Reading Exceptional redevelopment opportunity on one of the premier business parks in the South East • Two vacant headquarter office buildings totalling • Reading is the commercial business capital of the 155,565 sq ft (NIA) with a further circa 4 acre site Thames Valley and the largest town in the south INVESTMENT offering exciting development potential. east outside of Central London. • Thames Valley Park is internationally recognised • The University of Reading is in the world’s top 1%. as one of Reading’s best-located and most mature Over 42% of the local population have been SUMMARY business parks. educated to degree level or above, one of the UK’s highest figures, and most graduates stay • Opportunity to refurbish buildings 4 & 5 and locally to pursue careers. develop out plot 6 to create a market leading office campus to provide high quality space to the • Freehold. Reading market that has very favourable supply/ demand dynamics. • Vacant Possession will be provided on completion of the sale. • Attractive underlying residual alternative use • Quoting in excess of £26,500,000 (Twenty Six value (subject to planning). Million Five Hundred Thousand Pounds) for the • Thames Valley Park is home to a broad range of freehold interest reflecting an attractive low capital global and domestic occupiers. value of £144 per sq ft on the offices and £1m per acre for Plot 6. 2 3 CREATE AN INSPIRING ENVIRONMENT Thames Valley Park, Reading Exciting opportunity to refurbish buildings 4, 5 and build out Plot 6 to create a market leading office campus providing outstanding office space to the Reading market that currently has very favourable supply/demand dynamics. Computer generated image showing enhancement to the Building 4 Pavilion café. 4 Building 4, 5 & Plot 6, Thames Valley Park, Reading, RG6 1WG 5 27 MAKE A LASTING IMPRESSION Computer generated image of Building 5 Atrium. 32 Enhance Buildings 4 & 5 to create inspiring public realm, seamlessly linking the office buildings with the surrounding park landscape, with the Computer generated image of Building 4 atrium. opportunity of promoting a new green agenda. 6 7 29 RELAX MARKET AND SQUARE PLOT 6 UNWIND GREEN BUILDING 5 LINK VILLAGE GREEN GREEN LINK BUILDING 4 PAVILION CAFÉ Opportunity for Plot 6 to be developed as a ‘Market Square’ to host food markets, sports activities and outdoor events. Reinforcing the green tech style and biophilic architecture, links between the building entrance and existing parkland are enhanced with the creation of direct routeways and improved public realm. The local ‘village green’ provides external seating, outdoor gym and views of the lake. 8 9 Building 4 10 11 Building 5 12 13 HIGH WYCOMBE 4 HARROW NATURE RESERVE M40 16 1 UXBRIDGE A40 NATURE THAMES VALLEY PARK RESERVE MAIDENHEAD CENTRAL BG CAMPUS SLOUGH A408 C A4 LONDON A V E HAYES CHISWICK E IV 7 COUNTRY 4 R R A HAMMERSMITH T D S D IMPRESSIVE 15 4 1 H E PARK 6 M4 R THAMES VALLEY PARK 8 E /9 A RIVER THAMES M R H T T S A S E V B E M K WINDSOR 14 HA AL P G T LE M4 R Y READING V O HEATHROW RICHMOND A M25 . ST E E G D RN A316 R KINGSTON RD ORACLE 13 M CONNECTIONS A CAMPUS 10 STAINES WIMBLEDON H 12 1 S R BRACKNELL A30 E V A3 A 11 C 12 READING 4 A E D FOR OA N BUR R A WEYBRIDGE A24 Y ON L A322 CAMBERLEY ND LO 'S T M3 R IT A331 A23 D P 11 READING TOWN CENTRE A329 EPSOM 3 OX FO EET RD STR WOKING R AD OA RO K KIN D B ING'S RO G A3 AD 'S 29 A23 10 READING ROA M25 D 4 FARNBOROUGH 9 WEST 'S RD N E E U W Q L O K O I N G N H 4a A D M O 9 4 R 7 2 N A O 3 A AD D D 8 A S RO N A A24 T DO O 5 LON A GUILDFORD 3 R 6 REIGATE 2 M4 9 H C M23 JUNCTION 12 R U M4 M4 H C JUNCTION JUNCTION 9 11 10 GATWICK PELL STREET B A4 ERKELEY AVENUE A3 This premier business campus is prominently positioned on Thames Elizabeth Line (From 2021) Valley Park, adjacent to the River Thames and on the eastern edge of The Elizabeth Line – A multi billion pound infrastructure project CRAWLEY Reading in the affluent surrounding area of Berkshire. Thames Valley covering 73 miles that links Reading, Berkshire to Shenfield, Park is 1.6 miles East of Reading town centre and accessed via the Essex and will be able to reach London Paddington, Bond Street, A3290/A329(M) that connects to Junction 10 of the M4 Motorway. Tottenham Court Road, Farringdon, Liverpool Street and Canary The Campus has excellent road and rail connectivity and a new Park & Wharf without changing lines. The Elizabeth Line programme will Ride service, running from Q4 2019 from the entrance of the Park to add an estimated £42bn to the economy of the UK, dramatically Reading town centre and train station. improving transport links in the South East and London Reading train station offers fast connections, with rail travel to London’s Paddington station in 25 minutes. Connections are set to Maidenhead 12 minutes improve with the completion of the Elizabeth Line in 2021, which will Bond Street 54 minutes access Central London directly. Farringdon 59 minutes Source: Transport for London / Elizabeth Line Train (From Reading Station) WRAtH (Western Rail Access to Heathrow) Slough 13 minutes A proposed new direct rail link from the West to London Heathrow that will improve journeys to Britain’s busiest airport London Paddington 26 minutes and help increase economic productivity in the Thames Valley. Bristol Temple Meads 75 minutes Once complete in 2022, the journey, to Heathrow will be Road approximately 26 minutes. M4 Junction 10 10.5 miles M4 Junction 11 5.5 miles Maidenhead 14.5 miles Central London 40 miles Reading town centre is easily Air accessible with a free TVP bus London Heathrow 26.8 miles service for occupiers, linking Gatwick 55.2 miles Reading station directly to the Park Bristol 93 miles Source: Google The campus has Reading is the commercial business capital of the Thames Valley and the largest town in the south east outside of Central London. STRATFORD unrivaled accessibility The town has easy access to the M4 motorway at Junctions 10, PADDINGTON TOTTENHAM LIVERPOOL HAYES & COURT ROAD STREET 69 11 and 12 that provides connections to the rest of the UK and HARLINGTON by road, rail and air. STRATFORD Heathrow Airport, the busiest airport in Europe and the world’s 103 6 8 11 21 PADDINGTON TOTTENHAM LIVERPOOL 5 12 16 18 22 25 27 29 33 3610 39 41 42 47 50 54 55 59 61 64 HAYES & third busiest airport with over 475,000 CflightsOURT ROAD a year. STREET 69 HARLINGTON 103 6 8 11 21 68 READING MAIDENHEAD BURNHAM LANGLEYSWEST OUTHALLWEST EALING ACTON BOND STREETFARRINGDON WHITECHAPEL HEATHROW CONNECT 5 12 16 18 22 25 27 29 33 3610 Reading39 is 41home42 to a thriving47 50 business54 community55 59 and61 has64 an DRAYTON MAINLINE ELIZABETH LINE (DUE 2021) affluent, educated and skilled local workforce. Reading University TWYFORD TAPLOW SLOUGHIVER 38 6 10 TRAVEL TIME (MINS) FROM HANWELL EALING CANARY READING BROADWAY is ranked in the top 1% of Universities in the world with c. 19,000 68 WHARF READING MAIDENHEAD BURNHAM LANGLEYSWEST OUTHALLWEST EALING ACTON BOND STREETFARRINGDON WHITECHAPEL HEATHROW CONNECT DLR HEATHROW DRAYTON MAINLINE students from over 150 different countries. ELIZABETH LINE (DUE 2021) AIRPORT TWYFORD TAPLOW SLOUGHIVER 38 6 10 TRAVEL TIME (MINS) FROM HANWELL EALING CANARY READING BROADWAY DLR WHARF 14 HEATHROW 15 AIRPORT Thames Valley Park is a high-tech business park totalling 1.8 million sq ft that was originally developed by Argent in the late 1990’s in phases and is home to a number of key global businesses, namely Oracle, Sanofi, Hewlett Packard, Jelf, Computacentre, Forcepoint and Open Text. THAMES Thames Valley Park is home to a tenant mix Current availability on Thames Valley Park stands at 324,367 sq ft (over 10,000 sq t) of which the majority is across 5 buildings, namely Mistral, The BG comprising an array of international brands Campus (Faraday, Murdoch and Hutton) and TVP1. TVP1 is currently being refurbished but the remaining is lower quality space. VALLEY Take up in the last 12 months’ stands at 100,605 sq ft which has reinvigorated activity on Thames Valley Park. Sanofi recently leased the whole of the attracting a truly global investor audience. newly refurbished, 410 Thames Valley Park owned by RLAM at £31.50 psf on a 10 year lease with 24 months’ rent free. Spear Street Capital acquired TVP PARK 1&2 from BMO and they let 28,000 sq ft to Hewlett Packard at £30.00 psf on a 10 year lease, with a 5th year break with 18 months’ rent free. 80 acres of park, water WOKINGHAM WATERSIDE meadows and nature CENTRE reserve along the ORACLE CAMPUS River Thames REGUS SANOFI DAVID LLOYD OPEN TEXT FITNESS COMPUTER CENTRE CRECHE BENUGO 22 acre commercial HEWLETT PACKARD CAFE business park comprising 19 office buildings and approximately 1.8 million sq ft of space MICROSOFT World renowned and diverse occupier line up highlighting the attractions of TVP Existing amenity includes David Lloyd Leisure Centre, Benugo’s, Nursery and Creche, a weekly street food market and Wokingham Waterside Centre 16 17 BUILDING 4, 5 & PLOT 6 Building 4 Buildings 4 & 5 were developed in 2003 and 2007 respectively, and Plot 6 combined with Plot 6 they occupy a prominent location within the Located to the north of Building 5, this circa 4 acre site remains undeveloped eastern part of Thames Valley Park.