PATRIZIA UK and Oaktree have signed global medical technology company Becton Dickinson for 44,000 sq ft of offices at the Winnersh Triangle office campus near Reading.Becton Dickinson is due to move into three floors of the newly-constructed speculative development at 1030 Eskdale Road in Spring 2017.
It is unclear what rent Becton Dickinson would pay but asking rents are around £30 per sq ft.
Prominently located at the Western end of the park, 1030 Eskdale Road reached practical completion in February of this year and is a four-floor development, comprising a total of 61,780 sq ft.
Becton Dickinson’s move to Winnersh Triangle sees the consolidation of the firm’s existing UK sites in Oxford and Basingstoke.
Strutt & Parker and Vail Williams represented PATRIZIA to secure the 10-year lease, and JLL acted for Becton Dickinson. The deal leaves the third floor availability at 1030 Eskdale Road, comprising 16,000 sq ft of offices.
Mike Fairbourn, UK general manager for Becton Dickinson, said: “The move to the new site at Winnersh Triangle will free up more time to focus on our customers as it will prevent duplication and the inefficiencies of running two separate sites and bring together all our functions. This is a key enabler for our growth strategy for the future. The new offices will be home for commercial operations for all Becton Dickinson businesses in the UK, as well as support functions, technical services and a new innovation centre to host customers.”
“Becton Dickinson is the latest international name to join us at Winnersh Triangle and we look forward to welcoming them to the park,” said Will Lawrie, PATRIZIA commercial director. “Our development provides this prestigious company with first-rate office accommodation in a location which has excellent transport connections and capacity for continued growth and expansion.
“The creation of this new office scheme, with its landscaped communal space for the enjoyment of all our occupiers, reflects PATRIZIA’s investment in the park as one of the premier spaces for businesses in the region.”
Courtesy of CoStar
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