Winnersh: SEGRO agrees lease with BMC Software

SEGRO has agreed a 36,425 sq ft, 10-year lease with IT management services group BMC Software for its new UK head office at IQ Winnersh, SEGRO’s business park near Reading. 

BMC will be occupying E2, a two-storey office building which SEGRO stripped back to its core in 2012 and refurbished on a speculative basis. The refurbishment of the 49,000 sq ft office building was completed in February this year and almost 75% of the building is now let.

E2 has a number of highly-sustainable features. Prior to being refurbished, the building had an EPC rating of ‘F’ but it has now achieved a ‘B’ rating. By retaining the existing concrete frame and introducing a number of sustainable features such as high-efficiency lighting, improved fabric insulation in the walls and the roof, rainwater harvesting and providing charging points for electric cars, among others, the building has been awarded a BREEAM ‘excellent’ rating. It is estimated to be 56% more energy efficient than the original specification, and the CO2 output of the building will be reduced by around 115 tonnes per year.

Kate Dean, SEGRO customer development director, said: “We took the decision to refurbish E2 on a speculative basis last year. This letting to BMC, so soon after the refurbishment has been completed, demonstrates that there is demand for high-quality office developments within the Thames Valley and we are delighted to be welcoming the company to IQ Winnersh.”

IQ Winnersh is situated in a prime location in the Thames Valley, close to Junction 10 of the M4 motorway, offering state-of-the-art buildings, good amenities, excellent transport links and a dedicated train station. Existing customers include Virgin, Atos, Jacobs Engineering, QlikTech, Microchip, Valspar, Pure Circle and Harris Engineering.

SEGRO was advised on this transaction by Jones Lang LaSalle and Lambert Smith Hampton. BMC Software was advised by DTZ.