Thames Valley: Standard Life secures trio of lettings
Standard Life Investments, on behalf of a segregated client, has secured two new tenants for One Valpy in Reading and another for the Urban Building in Slough.
British technology company Virtual Stock, which supplies next-generation software solutions for the retail supply chain, has entered into a 10-year lease for the 7,581 sq ft first floor of One Valpy, and will take occupation in June. It will join sales-software business Inside Sales, which leased the 7,243 sq ft second floor in May.
These deals mean the office building is now 75% let and takes the total space leased since Standard Life Investments acquired the building in December 2015 to over 22,000 sq ft.
Other tenants include H&M, Fuze, Mabey, Bullitt and Rio Tinto.
Mycom Osi, the telecom software specialist, has taken 8,500 sq ft of Grade-A office space on the fourth floor of the Urban Building in Slough on a 10-year lease. It will take occupation in September, joining tenants which include KP Snacks.
Jason Baggaley, fund manager at Standard Life Investments, said: “This trio of deals demonstrate that quality office space in prime Thames Valley locations is still in high demand and has the ability to deliver strong returns for investors.”
Standard Life Investments was advised by Parkinson Holt and Colliers on the One Valpy lettings, and by JLL and Colliers for the Mycom Osi letting.
Credit: CoStar
