Exton Estates has bought 4 Arlington Square in Bracknell, a land parcel with consent for a 74,000-square-foot office.
Exton has submitted a detailed planning application with a decision expected by January 2026 to instead develop a £20 million gross development value, 52,910-square-foot urban warehouse. It will be centrally located on Arlington Business Park.
Practical completion is scheduled for late 2026. Hatch Real Estate and DTRE have been appointed joint letting agents for the scheme to be marketed as "Urban Box".
The acquisition reflects a growing trend for former office sites to be redeveloped as alternative uses and is the last available plot on the site.
Stuart Bedford at Exton Estates said: "We are delighted to have purchased this off-market opportunity and have equity to invest in more office to industrial situations in the South East."
The development is also notable as being one of the first transactions completed by new company WHRE, acting as adviser to Exton. WHRE was founded by Simon Glenn, who stepped down as an equity partner at DTRE in earlier this year.
Glenn, who joined DTRE in 2013, led the establishment of both the office and science and technology business lines, becoming an equity partner in 2016.
Glenn said: "I’ve worked with Exton for many years, and we have several similar sites under consideration. My office background gives WHRE access to a great number of sites which industrial developers may otherwise overlook."