Property consultancy firm Allsop have acquired one of Reading's flagship office buildings on behalf of Citi Private Bank.
A rent agreement is already in place for Reading's One Forbury Place, energy firm SSE have a lease agreed until March 2031.
The new build was sold by M&G who were under advisement from CBRE. Sale suggests private office space outside of London is becoming more attractive to foreign investors.
The purchase of the Grade A Reading office building was completed on behalf of Citi Private Bank.
One Forbury Place, located in the capital of the Thames Valley, is 185,109 sq ft of customisable workspace. It is one of the three buildings that comprise Reading’s newest business park, Forbury Place Estate. Owners can utilise or rent a conference centre on sixth floor of the building which can accommodate 200–300 delegates.
The sale includes additional amenities such as 225 parking spaces, cycle storage, and electric vehicle charging points in the basement carpark.
Reading train station is a five minute walk away and it will soon be connected to the Elizabeth Line - offering fast rail travel to central London from this week.