Acting for Kier Property, we have brokered a deal in Reading which will see the developer build a 55,000 sq ft Enterprise Centre.
Kier Property is to buy the long leasehold interest on a 2.5 acre site within the University of Reading's campus. The University will then take a 25 year lease on Enterprise Centre, construction of which is due to start in January 2010 with completion scheduled for March 2011.
Science and Innovation centre
The new Enterprise Centre forms part of the University’s wider plans for a Science and Innovation Centre. The aim of this project is to create a thriving community of technology-based companies which, as part of the University campus, have the opportunity to interact with other like-minded businesses. Furthermore, they will have access to the research and technical capability, expertise and services available on the campus.
Sustainability high on the agenda
The property, which will be built by Kier Moss, has been designed with sustainability in mind. It will be delivered with an active chilled beam and include green features such as green and brown roofs to improve bio diversity, variable speed air cooled chillers, solar thermal panels and sun pipes.
Cluster of businesses on campus
David Gillham, Director of Research and Enterprise Services at the University of Reading, said: “The new Enterprise Centre will significantly grow the University’s opportunity to develop a cluster of businesses located on campus. It will be the bridge for small start-up businesses while they grow, before ultimately moving to larger premises in the Science and Technology Centre or future Science and Innovation Park.”
Leigh Thomas, Associate Director at Kier Property, explained: “Kier Property is pleased to be working in partnership with the University to deliver this exciting new landmark building on campus.”
Development to achieve high BREEAM rating
With sustainability and energy use a key priority, the building will be designed to high environmental standards, achieving a minimum BREEAM rating of ‘very good’, while still delivering a commercial building with low lifecycle costs. Leigh added: “Our holistic approach to the design of the building allows us to look at the most efficient use of material and energy resources. We are thereby reducing CO2 emissions in both the construction and operational phases, while maximising the commercial potential of the building.”