PATRIZIA UK, manager of Winnersh Triangle, announces that it has secured the 50,000 sq ft letting to Subsea Components, a global provider of solutions for the oil and gas industry, at the business park near Reading.
PATRIZIA UK welcomed the Subsea Components team to the business park near Reading with the official opening of their new facility at 310 Wharfedale Road.
The premises provide Subsea Components with more than 50,000 sq ft of combined office and warehouse space enabling its continued growth, following the company’s decision to relocate and upsize from its existing 35,000 square foot site in Maidenhead.
“Subsea Components is the latest international name based at Winnersh Triangle,” commented PATRIZIA commercial director Will Lawrie. “Our compelling offer of a great location and ease of access, with high quality accommodation and on-site facilities, make Winnersh Triangle an excellent base for companies seeking to expand and grow.”
310 Wharfedale Road features a warehouse and reception area of more than 40,000 square feet, with a first-floor office of 12,000 square feet and car parking for 100 cars. CBRE acted for Aker Subsea, and Strutt and Parker represented PATRIZIA UK.
“We are delighted to have opened our new facility in Winnersh,” said Graham Sanson, Vice President of Subsea Components. “The strategic location of the park gives us access to an excellent talent pool and will serve as a great location to help us realise our global ambitions moving forward.”
The new facility will act as a research and development hub for subsea equipment as well as the main manufacturing centre for the organisation’s global client base.
Subsea Components’ move to Winnersh Triangle follows the recent arrival of field marketing and Great Place to Work® company Resource Experience Ltd and the opening of a new centre of excellence for global high-tech organisation Rockwell Collins in December 2015.
Winnersh Triangle was acquired in July 2013 with funds managed by Oaktree Capital Management LP and real estate investor PATRIZIA UK Ltd.
