Adobe one of three firms to take space at Reading Campus Development
Computer software firm Adobe is reportedly one of three companies to sign leases for space at the Reading Campus Development.
Tristan Capital Partners and Alchemy Asset Management have signed three occupiers for the out-of-town site, known for most of its history as Reading International Business Park.
READ MORE: Reading cybersecurity firm Bridewell appoints new CCO
The site is a 375,000 sq ft office building on Junction 11 of the M4. It includes a 270-seat restaurant and gym, while a major PV solar project is also under construction, which is poised to generate around 12% of its needs.
Adobe was reportedly advised by Colliers and is relocating later this year from 34-38 Market Street in Maidenhead.
The computer software firm has committed to part of the third floor, totalling 16,000 sq ft on a 10-year lease.
Elsewhere, two other companies - managed IT service provider BCN and Stonewater Homes - have inked a five-year lease on fully fitted suites, known as Campus+. Those leases are said to total around 5,000 sq ft.
Other tenants at the building include Verizon, Investec, AspenTech, Mavenir and Volume AI.
Director at Alchemy Asset Management Guy Bishop said: "These recent lettings show that occupiers require best-in-class buildings with the very best amenity offering, strong ESG credentials and a building which provides a rich community for their employees.
"We anticipate more tenants this year to provide a home for up to 2,500 employees in a prime location immediately on Junction 11 of the M4."
The campus was bought in December 2020 by EPISO 5, a fund advised by Tristan Capital Partners, for around £120 million. ICG completed an £86.8 million senior loan to Tristan Capital Partners secured by the park at the beginning of 2021.
