Construction has begun on the next developmental phase at Mapletree Investment’s Green Park, Reading as the UK’s leading business park celebrates its 20th birthday year.
Two 116,994 square feet (sq ft) Grade A office buildings are being speculatively built at the 195-acre business park which currently offers 1.4 million sq ft of premium office space across nineteen buildings. It is home to 7,000 workers and over 60 businesses from local start-ups to global corporations.
Ready for occupation in Autumn 2020, 400 and 450 Longwater Avenue will provide a total of 233,988 sq ft of grade A, column free space over five floors, surrounded by bio-diverse landscaped grounds overlooking Longwater Lake. Underpinning Green Park’s ethos of providing an occupier-centric approach, the building designs have been accredited by the WELL Building Institute. In addition, they are expected to achieve a BREEAM Excellent certification.
Commuters will benefit from the new Green Park Railway Station, which will be a few minutes walk from Green Park and scheduled for completion in 2020. The new station will provide a direct link to Reading Mainline Station and Crossrail services.
Rory Carson, Mapletree’s vice president of asset management in the UK, said: “Our commitment to Green Park and Reading as the business epicentre of the Thames Valley is the driving force behind this next phase of the park’s development. Once the two new offices are built, the total amount of office space will increase to approximately 1.6 million sq ft, providing capacity for a further 2,500 people to join the Green Park business community. Our uncompromising dedication to enduring, beautifully designed buildings and a steadfast commitment to the needs of our occupiers ensures we can confidently look forward to the future of Green Park.”
Cushman & Wakefield and Campbell Gordon are agents acting for Mapletree’s Green Park.