Practical completion has been reached at ONE Station Hill, Reading.
The landmark 275,000 sq ft Lincoln MGT office scheme is currently 40 per cent let and now signed up occupiers are fitting out their own space.
PepsiCo, PwC and NewFlex have jointly taken 115,000 sq ft it is anticipated tenants will start to move into the building in early 2025.
Speaking on behalf of the joint venture, Lee Fearnhead, director of construction for UK & Europe at Lincoln Property Company, said: “ONE Station Hill is Lincoln MGT’s flagship project in the UK and reaching practical completion is a phenomenal achievement.
“The building is already setting a new standard for Grade A office development in the UK. It demonstrates the positive impact town centre regeneration can have when executed in a way that is sensitive and considerate of its surroundings.
“It is also a clear response to the significant amount of infrastructure investment which has been made in Reading in recent years.
“The building itself has been beautifully designed and meets the highest standards of efficiency and sustainability, not just in the UK but globally. It is a ‘destination’ workspace which sits in the wider placemaking of the development, surrounded by two acres of public space open for the enjoyment of anyone living and working in Reading.
“Given the strength of occupational demand, Lincoln MGT are looking forward to progressing next steps to deliver the next phase of Station Hill.”
Mark Taylor, managing director, commercial for Sir Robert McAlpine, said: “Reaching practical completion of ONE Station Hill marks a significant milestone in the transformation of Reading’s town centre.
“This landmark development not only sets a new standard for Grade A office space but also exemplifies our commitment to creating sustainable and innovative workspaces.
“The collaboration between Lincoln Property Company and MGT Investment Management has resulted in a project that will greatly benefit the local community and businesses.
“We are proud to be part of this journey and look forward to seeing the positive impact ONE Station Hill will have on Reading’s future.”
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