IT’S DESCRIBED as one of the largest office leasing deals that the Thames Valley will see this year, as a a global company moves into Reading town centre.
M&G Real Estate – part of M&G plc’s £71 billion private and alternative assets division – has signed a 10-year letting with cybersecurity company, Rapid7, to take 22,616 sq ft at 2 Forbury Place.
The company is relocating from its current premises in Theale, and will see it occupy the first floor of the Grade A 192,000 sq ft building in the town’s central business district.
The 14,116 sq ft premises expansion indicates the company’s focus on its workforce by selecting a workspace that benefits from excellent connectivity, exceptional infrastructure, and a vast array of amenities.
Rapid 7 joins a high-quality line up of tenants across the portfolio including KPMG, SSE, PWC and Osborne Clarke.
Completed by M&G Real Estate alongside development partner Bell Hammer in 2017, 2 Forbury Place is one of Reading’s largest office developments.
The company said that it had been built to the highest environmental specifications, and occupiers ahave extensive cycle storage, shower and changing rooms at their disposal, as well as a hotel-style reception and concierge service, a spacious light-filled atrium and communal workspace.
Aaron Pope, director of Asset Management at M&G Real Estate, said: “This significant display of confidence in Forbury Place and the Reading town centre office market more widely, highlights the continued demand for prime workspaces in the business districts of key urban centres.
“2 Forbury Place is a prime example of why M&G Real Estate continues to develop, reposition and invest in high quality office assets across the UK and Europe’s major towns and cities, to command premium rents from UK and international occupiers which have sustainability and wellbeing at their core.”
And Michael Keimig, senior real estate manager for Rapid7, added: “We are excited to be moving into our new offices at 2 Forbury Place later this year.
“We selected the space because of its great location as well as the many amenities available to our employees, and we are confident Forbury Place will provide the next evolution in our workplace and a great home for our UK-based team.”
Savills acted as advisor to Rapid 7 on this letting.
