Theale: Acision takes HQ space at Arlington
The Arlington Business Parks Partnership fund (ABPP), which is managed by international property group Goodman, has agreed terms with Acision UK for a new company headquarters at its Lakeview scheme at Arlington Business Park, Reading.
Acision UK, the world’s leading messaging company, has signed a 10-year lease to take 30,000 sq ft of space at Lakeview, at £28 per sq ft. The scheme is owned, developed and managed by Goodman. Acision formerly part of IT and Business Services provider, Logica, who is a customer at Goodman’s Gloucester Business Park scheme, which is one of the south west’s most prominent business locations. This agreement represents one of few speculative lettings to have taken place in the Thames Valley region this year.
Lakeview comprises three Grade A office buildings totalling 110,495 sq ft, and is the latest phase at Arlington Business Park, which is located at Junction 12 of the M4 west of Reading. The construction of the high-spec Lakeview development was also project-managed by Goodman. The Park is one of the south east’s most successful schemes, with customers including KPMG and Wolseley.
James Raven, Goodman’s Developer Director, UK Business Parks commented: “We are thrilled to welcome Acision to Arlington Business Park. Lakeview offers the perfect space solution for their UK headquarters, with high quality offices in a well managed environment.”
Lakeview, which completed last year, offers three buildings of 45,821 sq ft, 33,947 sq ft and 30,727 sq ft, giving occupiers the opportunity to take between 8,191 sq ft up to the full 110,495 sq ft. As well as offering this flexibility, the scheme also features generous car parking.The 48 acre site is adjacent to both the M4 and Theale railway station. Businesses based there also benefit from a range on shops and leisure facilities close by, as well as the additional property services provided by Goodman.
The agreement has been signed on behalf of Goodman’s Arlington Business Parks Partnership. Jointly managed alongside Legal and General, it is one of the largest specialist funds in the UK.
