Reading: KPMG to move into town from Theale

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TBM Team

Business adviser and auditor KPMG is to move into Reading after many years being located at Theale, close to the M4 motorway. The firm will take space at Forbury Place, near Reading Station.

M&G Real Estate and Bell Hammer have signed KPMG for around 45,000 sq ft of offices as debut tenant at No. 2 Forbury Place, the 192,000 sq ft final stage of its Forbury Place estate in Reading town centre.

KPMG is taking a 15-year lease over the top two floors in the largest office letting in Reading since M&G Real Estate let the whole of 1 Forbury Place to SSE in 2015.

Aaron Pope, director, Asset Management at M&G Real Estate, said: "The Forbury Place estate has proved on several occasions its ability to attract high-quality, global companies. KPMG fits all of these criteria and more, and underlines the strategy to deliver an asset with a premium specification in a well-connected region.

“Its location outside London allows companies to occupy a prime building at a significant discount to space of a similar size and specification to central London. 2 Forbury Place has been created to provide an excellent environment for those who work there, and we have invested into a scheme which will remain sustainable long into the future.”

Andrew Morgan, senior partner for KPMG in the Thames Valley, added: “We are extremely excited about the move to 2 Forbury Place. With ambitious growth plans for KPMG in the Thames Valley, getting the right new location and building ahead of the end of our current lease, was of paramount importance. 2 Forbury Place will give our employees an enviable and well connected work environment and we will be ideally located to interact with our major clients in the Thames Valley as well as those from overseas.”

M&G Real Estate was advised by Campbell Gordon and CBRE, and KPMG was represented by CBRE.

Source: CoStar

TBM Team