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Works have begun to revive the town centre to compete with its larger and more diverse neighbour, Reading. The Landing, a 3.5-acre mixed-use residential-led development is set to enliven the city. The Nicholson Quarter, a focal urban centre, is set to become a national blueprint for town city centre - rents in this market regeneration.
The Lantern Building off Marlow Road set a new headline (£41.00) for the city centre with rents in this market are only expected to rise in the coming years. Legal & General’s ‘Tempo’ - a 129,000 sq ft refurbishment with ESG at its heart, has kicked off with practical completion due in Q2 2023. The workspace will be one of the greenest within the Thames Valley, targeting the first NABERS accreditation in the Thames Valley, BREEAM Excellent and best-in-class building amenities.
The out of town market has been dominated by business parks tailored for the modern occupier. Foundation Park has had some good successes with an off-plan 56,000 sq ft pre-let to defence contractor Ultra Electronics, kickstarting JP Morgan’s redevelopment of the former Johnson & Johnson buildings.
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