Reading: Another co-working provider named for town-centre
Northgate plc, the FTSE 250 commercial vehicle rental provider, has agreed to lease 10,239 sq ft on the fourth floor. Workspace group Central Working has acquired the entire ground floor and will create a centre for tech and innovation. It is the third addition to the co-working provider’s portfolio outside of London.
Grant Powell, Central Working CEO, said: “Reading is a major player in the South East’s digital economy, and this site is set to become a hub for the city’s thriving tech and enterprise community. The city has proven itself an amazing platform for ambitious businesses and we’re excited to build on this, providing a nurturing environment for growing businesses from across Thames Valley.
“The digital economy is driven by connections, and Central Working’s raison d'être is forging valuable links between businesses to spur rapid growth. Reading is set to benefit massively from the increased connectivity offered by Crossrail, and this location will become a gateway between Reading and other tech clusters in London and around the UK.”
Robert Pearson of Savills said: “The recent improvements at R+ have contributed to these two important lettings at the building. We are pleased with the diverse range of tenants that has been attracted to the scheme, incorporating a listed company and an exciting new co-working concept. Central Working has a proven track record in creating thriving, supportive entrepreneurial hubs, and we’re confident this site will play a key role as Reading continues to evolve into one of most dynamic tech clusters.”
Tom Fletcher, director at Lambert Smith Hampton, commented “The Central Working letting is significant for several reasons. It brings the company that pioneered modern, contemporary workspace to Reading and this alone reflects very well on Reading and R+. Furthermore, the auditorium and meeting room facilities will further enhance the building’s amenities alongside the new business lounge and concierge services. Lastly, in a time when corporates are using flexible workspaces like Central Working, for swing space and to connect more closely with SMEs, this letting further increases the opportunity at R+.”
The letting agents for R+ are Savills, Bray Fox Smith and Lambert Smith Hampton.
Source: CoStar
