Landid and Brockton have secured a first pre-let at their 120,000 sq ft The Porter Building adjacent to Slough Station in a deal likely to be seen as evidence that the Elizabeth Line will prompt a range of office relocations in the town and wider South East.
Market sources this week said US fintech giant Fiserv was set to take 28,000 sq ft or the entire first floor at the building which it is due to complete later this year. Quoting rents at the tp bennett designed building are understood to be circa £36 per sq ft.
The move is one of the first signs of occupiers reassessing locations that will be served by the Elizabeth Line across the South East. The Porter Building is located directly opposite Slough Station, offering connections into London Paddington in 17 minutes, and when the Elizabeth Line arrives in 2019 journey times into Tottenham Court Road will be cut to 32 minutes.
Fiserv is understood to be consolidating from the Heathrow business park Stockley Park as well as smaller offices in Bracknell and in central London.
Landid and Brockton Capital have signed up to achieve WELL Building Standard certification for The Porter Building, putting the development in line to be one of the first office buildings in the UK to attain the global rating when it completes later this year.
The WELL Building Standard is an international performance-based assessment methodology grounded in medical research that is exclusively focused on human health and well-being in the built environment.
The Porter Building offers 111,000 sq ft of flexible offices over five floors and features a double height reception with a business lounge and restaurant/cafés.
In addition to The Porter Building, the Landid/Brockton JV portfolio also includes The Charter Building, Uxbridge, Thames Tower, Reading, and One Queen Caroline Street, Hammersmith.
CBRE and Knight Frank are the letting agents for The Porter Building. JLL is advising Fiserv.