React News has reported a potential £100 million sale of M&G Real Estate’s 186,000 sq ft One Forbury Place development.

It says the eight-storey building, which was let to SSE in 2015, and which has been on the market since last Summer with CBRE, is understood to be of interest to a Citi Private Bank client from the Middle East.

The SSE deal was the biggest Reading town centre letting for 25 years but, since the sale of part of the business to OVO Engergy, 60,000 sq ft has become vacant. It is being marketed by Rare Commercial Property.

Allsop is representing Citi Private Bank while M&G Real Estate is being advised by CBRE.

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