Theale: Arlington Business Park secures four new tenants

Patron Capital and APAM have secured four tenants at the 48-acre Arlington Business Park at Theale, near Reading.

Kier, Panaya, Nutanix and Willis Towers Watson have taken a combined space of 27,313 sq ft in Building 1410, leaving the building’s top floor available.

Of the four, Nutanix, the cloud computing software provider, has taken the largest amount with 11,200 sq ft on the first floor of the building, which also includes the park’s new café lounge and gym amenities.

Comprising 11 buildings and totalling 360,000 sq ft of offices, Patron Capital and APAM bought Arlington Business Park in 2015. They have invested in a café and gym, meeting rooms, office building extensions and refurbishments, a year-round events programme, as well as enhancement of the landscaping and public realm.

Over 50,000 sq ft of refurbished offices will be delivered to the market in 2018.

Ben Dickins, asset manager at APAM, said: “With major national occupiers like Kier, Panaya, Nutanix and Willis Towers Watson joining the other big brands at Arlington, it is clear that the first-class amenities installed by Patron Capital and APAM are resulting in a flurry of lettings.”

Patron Capital and APAM were advised by Avison Young, BNP Paribas Real Estate and Savills.

Source: CoStar