M&G has declined to comment about a report it plans to sell 186,000 sq ft One Forbury Place in Reading.
Property Week has stated that the eight-storey building, which was fully let to SSE in 2015 in the biggest Reading town centre letting for 25 years, has been put on the market with CBRE.
However, in 2020, following SSE’s sale of its retail business to Ovo Energy, almost 60,000 sq ft was made available to let.
RARE Commercial Property is marketing that space which is on the second, third and sixth floors, as ‘plug and play’ accommodation under the Spaceflex concept.
The building, which overlooks Forbury Gardens and is a short distance from Reading Station, has both an on-site coffee shop and restaurant.
Jonathan Mannings, managing director and founder of RARE, said” One Forbury is one of Reading’s flagship office buildings.
“It’s a pity to see M&G making the decision to split up the ‘Forbury Estate’ but there is likely to be considerable interest in a market with a dearth of good quality investment supply.
“We were disappointed to have recently lost out to another building in the race to secure EY for a large part of the 60,000 sq ft we are marketing on behalf of Ovo Energy.
“But there are a number of other occupiers with requirements we are currently talking to and, with the return to the office now being the unified message from central Government, I am confident that we will see a number of occupiers keen to secure the best available space in Reading on flexible terms, particularly as this space is fully fitted and ready to go and offering a considerable saving of capital expenditure.”
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