Acting on behalf of Ediston Properties and Europa Capital, commercial property consultants Lambert Smith Hampton and Cushman and Wakefield have completed the letting of 9,602 sq ft at Phoenix to Samsung Electronics UK.
Samsung is the first company to take space and has signed for the entire first floor of Phoenix, the newly refurbished Grade A office building.
Phoenix is located on Station Hill in Reading, 100 metres from the new Reading train station concourse. The building also benefits from an excellent town centre parking ratio of 1:978 sq ft (52 parking spaces).
The offices have recently been comprehensively refurbished, including new impressive double height reception, new air conditioning system, and the building has also achieved a BREEAM rating of ‘Very Good’.
The location is being further improved as the public realm between the new station concourse and Phoenix is currently being re-landscaped to provide a taxi rank and bus stop within a paved and tree-lined environment.
Samsung is relocating from its current offices at Davidson House in Reading.
Tom Fletcher, Director in Lambert Smith Hampton’s Reading office, said: “Samsung’s decision to relocate to Phoenix is without doubt a real tribute to the quality of the refurbishment that Ediston Properties and Europa Capital have undertaken, and the fact that Phoenix is the closest available office building to the new train station.”
Andy McKinlay, Director of Development at Ediston Properties, said: “We haven’t had to wait long to secure our first tenant at Phoenix and we are very pleased to have attracted an occupier of Samsung’s global reputation.”
James Fortescue, Associate Director at Europa Capital, said: “We have had a great deal of interest since the launch of Phoenix. Given the lack of prime office space within a short walk of Reading train station, there are very few buildings like Phoenix that allow an employee the ability to be sitting at their desk within five minutes of getting off their train at Reading.”
For further information please contact:
Gordon Simpson/Charlotte Whitley, RLM Finsbury: +44 20 7251 3801
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 75 transactions totalling some €7.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“RGI”). RGI is a strategic investor alongside Management.
Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
About Lambert Smith Hampton:
Lambert Smith Hampton (LSH) is a national commercial property consultancy. We work with investors, developers and occupiers across the public and private sectors, and we are single-mindedly focused on UK and Irish property markets.
For more information, and to see some of the companies we work with, please visit our websites at www.lsh.co.uk, www.lshauctions.co.uk and www.lshinvestmentsales.co.uk.