Categories: Business NewsProperty & Construction

Reading's Forbury Place sold to Allsop

Published by

Stephen Emerson

Property consultancy firm Allsop have acquired one of Reading's flagship office buildings on behalf of Citi Private Bank.

A rent agreement is already in place for Reading's One Forbury Place, energy firm SSE have a lease agreed until March 2031.

The new build was sold by M&G who were under advisement from CBRE. Sale suggests private office space outside of London is becoming more attractive to foreign investors.

The purchase of the Grade A Reading office building was completed on behalf of Citi Private Bank.

One Forbury Place, located in the capital of the Thames Valley, is 185,109 sq ft of customisable workspace. It is one of the three buildings that comprise Reading’s newest business park, Forbury Place Estate. Owners can utilise or rent a conference centre on sixth floor of the building which can accommodate 200–300 delegates.

The sale includes additional amenities such as 225 parking spaces, cycle storage, and electric vehicle charging points in the basement carpark.

Reading train station is a five minute walk away and it will soon be connected to the Elizabeth Line - offering fast rail travel to central London from this week.

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.