Reading: Patron Capital and APAM complete four lettings at Arlington Business Park

Patron Capital, the pan-European institutional investor focused on property-backed investments, and APAM have completed four lettings totalling 25,000 sq ft at Arlington Business Park, Reading, following the acquisition of the park last year from Goodman and Legal & General.

The lettings, to Koch Media (5,000 sq ft), Elemental Technologies (5,000 sq ft), Peregrine Semiconductors (5,000 sq ft) and Dimensions UK (10,000 sq ft), represent the first stage in Patron and APAM's repositioning of the 360,000 sq ft business park.

Patron and APAM have also initiated the development of a new tenant amenity and leisure hub which includes a café, gym, sports studio, convenience retail shop and meeting facilities.

Simon Cooke, director at APAM, said: "Our strategy of multi-letting buildings on the park and creating a diversified occupier base where tenants can grow and expand is already proving successful."

Patron and APAM were advised by Savills, Strutt & Parker and Avison Young.

Credit: CoStar