PATRIZIA UK, manager of Winnersh Triangle, has announced that it has secured 18,000 sq ft of lettings at the award-winning business park near Reading, through a new letting and lease expansion. Separately, PATRIZIA has also completed the comprehensive refurbishment of a 9,439 sq ft Grade A, hi-tech industrial and office unit.
CitySprint is the latest occupier to open its doors at Winnersh Triangle. The leading same day delivery company has taken 7,885 square feet of Grade A industrial warehouse and office space at 545 Eskdale Road on a six-year lease. Vail Williams acted for PATRIZIA, while Wimbourne Martin French represented CitySprint.
In a separate transaction, Banking Automation, the global leader in customised, automated self-service cash solutions has expanded from its existing premises at Winnersh, to take an additional 10,000 sq ft into an inter-connected unit at 515 Eskdale Road. The company’s move brings its total leased space to 20,513 sq ft.
At 635 Eskdale Road, PATRIZIA has also announced the completion of refurbishment works comprising 9,439 sq ft Grade A industrial and warehouse space. The high quality fit-out gives the property new suspended ceilings, recessed lighting and improved kitchen facilities. The refit works were delivered by contractor Pexhurst and agents JLL, Strutt and Parker and Vail Williams are jointly marketing the unit.
PATRIZIA UK commercial director Will Lawrie said: “We are focused on offering our occupiers the highest quality accommodation and facilities at Winnersh Triangle, set within a great location for accessibility and connections. We are delighted to welcome CitySprint to the park community, and to see the continued growth and investment of Banking Automation. This news demonstrates Winnersh Triangle’s capacity to provide for companies seeking to expand and underscores the park’s track record for attracting and retaining top-tier businesses from a range of different industries.”
CitySprint’s Regional Manager Peter Trevellion commented: “Our continued growth meant we needed to amalgamate our previous two sites in Wokingham into the larger space at Winnersh Triangle. It’s an ideal location for CitySprint, with fantastic infrastructure and ease-of-access, and putting us into closer proximity to our local customers.”
Commenting on the Banking Automation move, managing director David Tew said: “Since 1984, Banking Automation has pioneered the design, development and integration of automated self-service cash solutions that make life easier for businesses across the world. Our new premises help us to fulfil our commitment to continuous improvement through innovation, to create the very best products for our customers.”
PATRIZIA recently launched its Grade A speculative development at 1030 Eskdale Road, Winnersh Triangle alongside its re-development of 220 Wharfedale Road, and a new landscaped communal outside space known as ‘The Green’.
Easily accessible by road just off junction 10 of the M4, Winnersh Triangle also benefits from its own train station within walking distance. On-site amenities include a four-star hotel with restaurant, conference facilities and a range of leisure facilities, plus a retail store, café, nursery and ATM.
Winnersh Triangle was acquired in July 2013 with funds managed by Oaktree Capital Management LP and real estate investor PATRIZIA UK Ltd.
