Reading International Business Park offers 'a fantastic opportunity'

Reading International Business Park (RIBP) offers a fantastic opportunity to its new owner, according to new Vail Williams partner, Guy Parkes.

Costar News has reported the 406,000 sq ft office development is set to be bought by Tristan Capital Partners. The building is being marketed by Savills on behalf of owner DWS for around £130 million.

Mr Parkes, newly appointed to Vail Williams’ Thames Valley office, said: “Reading International is a fantastic repositioning opportunity for the next owners.

“The site has unrivalled frontage directly onto Junction 11 of the M4, a strong tenant mix with Verizon, Symantec and Investec.

“With excellent communication links, parking ratio and on site amenities with the Dot café, Benugo’s outlet and tenant concourse, as well as Nuffield Gym and Children’s Nursery on site, its amenity offer is already strong. Silicon Roundabout comes to Junction 11 of the M4.”

Costar News reports that Bray Fox Smith is advising Tristan. Savills is advising DWS which owns Deutsche Bank. Alchemy Asset Management, said Costar, is believed to be acting as asset manager to Tristan.