Two former Microsoft buildings at Thames Valley Park which total 155,000 sq ft are in line for refurbishment after they were sold to BauMont Real Estate Capital.
BauMont has bought Buildings Four and Five from the software giant and proposes a refurbishment based on wellness and sustainability to be carried out by V7 which will also manage the buildings.
Natalie Harrison, head of UK Investment at BauMont said: “Buildings need to appeal to employees, not only to attract and retain talent but following recent events, to actually encourage employees to visit the office.
“They need to offer a wide range of amenities, flexible space suitable for individual and collaborative working and a clean, hygienic environment where employees feel safe and able to circulate without being too close together.
“TVP Four and Five have great potential to deliver this offer. The country park and river surroundings add to the appeal, providing a sense of calm and space and the opportunity to commute to work along the river or exercise in the fresh air, while being less than 2.5 miles from the city centre, soon to benefit from the introduction of Crossrail.”
Paul Benjamin, senior finance director for Microsoft, said: “As part of Microsoft’s ongoing project to consolidate our footprint and incorporate the latest design standards and agile ways of working into Buildings One, Two and Three, we are delighted to have completed the sale of Buildings Four and Five to BauMont Real Estate Capital. We look forward to welcoming our new neighbours to Thames Valley Park.”
Buildings One, Two and Three, still occupied by Microsoft, were sold to Valesco Group and AIP Asset Management in 2018.
A remaining four-acre plot of land, which has permission for 100,000 sq ft of offices, will be put up for sale separately by the software giant.
Knight Frank advised Microsoft.
Images: Top Google. Below Building 4 and Building 5 (showing Microsoft branding).
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