Investors bid for Reading International

Thames Tap understands six investors are in the running to buy Reading International Business Park (RIBP).

Alternative investment manager, Ares Management Corporation; Europe-focussed private equity investor, Kildare Partners; Alabama-based, Harbert Management Corporation; California-based, Kennedy Wilson; developer and investor, Hines and insurance and investment manager, Axa are believed to be the contenders being considered since the deadline passed in early December.

The 400,000 sq ft office building next to J11 of the M4 is being marketed by Savills. It was developed by Akeler and initially let to WorldCom (now Verizon) which still uses some of the building.

Other current tenants include Kensington Mortgages, Aspentech, CyberSource, Acision, Investec, Fireye and Ericsson.

RIBP is currently owned by DWS, part of Deutsche Bank. There is currently around 190,000 sq ft of vacant space in the building.

* Image: Andrew Smith / Reading International Business Park https://commons.wikimedia.org/wiki/File:Reading_International_Business_Park_-_geograph.org.uk_-_182264.jpg