Acting on behalf of Fleetmatics UK Ltd, we have acquired new offices in Reading.
Fleetmatics is a leading global provider of fleet management solutions for small and medium-sized businesses. Its solutions offer real-time insight into vehicle activity, reducing operational costs and improving customer service. It serves more than 17,000 customers worldwide.
Fleetmatics’ offices span Ireland, USA, Glasgow, Dublin and Reading – with this latest office acquisition in Reading supporting its business relocation and expansion in the UK.
Relocation within Reading
Fleetmatics is currently based in Beacontree Plaza on Gillette Way, Reading, and will relocate to 8,418 sq ft of Reading office space at Imperium on Imperial Way in April. A rent of £19 per sq ft has been agreed on a new 10 year lease, with the deal being driven by Fleetmatics’ business expansion following its recent IPO (initial public offering) on the New York Stock Exchange.
One of first out of town Reading office deals in 2013
Nick Coote, Head of our Reading office, commented: “This is one of the first deals in Reading's out of town office market to complete this year, and it sees Fleetmatics double the amount of office space it occupies in the town.
"Imperium offered the ideal relocation solution – the right size suite, close to where staff are currently based, and competitive lease terms agreed with the landlord."
Improved office market confidence
"Our team in Reading alone has a further 60,000 sq ft of out of town transactions currently in solicitors hands, illustrating improved market confidence in 2013.”
Our Building Consultancy team has been appointed by Fleetmatics to project manage its £285,000 office fit-out. To read more, please click here.