Tristan Capital Partners and Alchemy Asset Management have completed a letting at their Campus development in Reading to CGI, the IT and business consulting services firm.
The company has acquired 24,000 square feet on a new 10 year lease to enable the relocation of its Reading operations from neighbouring Green Park. Campus is a 375,000-square-feet office that is BREEAM Excellent, and accredited WELL Platinum and WELL Health-Safety. The building includes a restaurant and cafe, business lounge, fully equipped gym and yoga studios and parking with EV charging spaces. Other tenants include Adobe, Verizon, Investec and AspenTech.
The building overlooks Junction 11 of the M4. Tristan and Alchemy have secured 45,000 square feet of new lettings at Campus in the past 6 months. The scheme offers units from 1,500 sq ft to 62,000 square feet.
Stuart Chambers, Director, Greater London and South East Office Agency, Savills, said in a statement: “We are delighted to welcome another high profile company to Campus and have no doubt that CGI’s employees will thrive in the amenity rich, sustainable workplace they are moving to.”
Guy Bishop, Director, Alchemy Asset Management, added: “Campus has proved yet again that exceptional amenities and ESG credentials, coupled with strong road access and public transport provision, make it the class leading out of town office in Reading, which in itself has witnessed strong levels of office take up so far this year, ahead of the long term average.”
Savills and Bray Fox Smith advised Tristan and Alchemy.
The campus, known for most of its history as Reading International Business Park, was bought in December 2020 by EPISO 5, a fund advised by Tristan Capital Partners, for around £120 million. ICG completed an £86.8 million senior loan to Tristan Capital Partners secured by the park at the beginning of 2021, all major commitments to South East offices in the midst of the pandemic.
Around 180,000 square feet has been available to lease in a variety of configurations that Alchemy and Tristan say have been repurposed and built to suit the space needs of the modern occupiers that are emerging from the pandemic. Tenants in the remaining space include Verizon, Investec and Accenture.
For a CoStar News review of the redevelopment of the Thames Valley landmark click here.