Contracts have been exchanged in a £120 million deal to buy Reading International Business Park, according to CoStar news.

CoStar says the 400,000 sq ft office building has been acquired by Tristan Capital Partners from Germany’s DWS Group in a deal which was delayed by Covid-19.

It was being marketed by Savills.

The building was developed by Akeler and initially let to MCI WorldCom (now Verizon) which still uses some of the building.

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

Bray Fox Smith is advising Tristan. Alchemy Asset Management is acting as asset manager to Tristan.

Tristan Capital Partners has not responded to Thames Tap enquiries.

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