SEGRO has signed BMC Software for a 36,425 sq ft head office at its IQ Winnersh business park near Reading.
We are retained as joint marketing agents alongside Jones Lang LaSalle to market available office space at the business park. In the latest deal, BMC Software will move from offices in Egham to IQ Winnersh's E2 - the only speculative office scheme in Reading to come forward recently.
New lease signed on two-storey office building
IT management services group, BMC, has taken a 10 year lease on the two-storey office building which SEGRO stripped back to its core in 2012 and refurbished on a speculative basis. The refurbishment was completed in February this year and 75% of the building is now let.
Kate Dean, Customer Development Director for SEGRO, commented: “We took the decision to refurbish E2 on a speculative basis last year. This letting to BMC, so soon after the refurbishment has been completed, demonstrates that there is demand for high quality office developments within the Thames Valley.”
Thames Valley office enquiry levels up in Q1
Nick Coote, Head of our Thames Valley team, added: "BMC’s choice of IQ Winnersh illustrates how access to amenity is important to occupiers; IQ Winnersh has its own railway station and a corporate focussed Holiday Inn hotel with full facilities including restaurant, gym, pool and a conference centre.
"The transaction reflects a very encouraging start to 2013 - in Q1 we saw a 39% increase in enquiry levels and are managing more transactions at one time than we have seen for many years."
Existing tenants at IQ Winnersh include Virgin, Atos, Jacobs Engineering, QlikTech, Microchip, Valspar, Pure Circle and Harris Engineering.
BMC Software was advised by DTZ.