Lettings Charge Ahead at Waterside Drive

8 / 11 / 2019

Lettings Charge Ahead at Waterside Drive

Waterside Drive, Theale is fully let following the announcement of a final letting of 8,463 sq ft to ChargePoint.

Hicks Baker and Haslams, joint agents on the 80,000 sq ft Waterside Drive office complex on the Arlington Business Park just off the M4 at Junction 12, have completed the letting of the last remaining suite on the ground floor of Building TWO to further underline Theale’s position as the best performing Reading out of town office market in the last 2 years.

ChargePoint has signed a new 10 year lease on the 8,463 sq ft suite. The quoting rent was £26.50 per sq ft. ChargePoint joins other substantial tenants at Waterside Drive including Direct Wines, Hexagon AG, Cohort Plc, Rapid 7, SCS and Macbeths.

Martin Hale, Country Director, UK and Ireland at ChargePoint, commented:

“We were attracted to Waterside Drive by the quality of the building and the access that it gave us to both the M4 and a local train station as we have a workforce spread across the UK and Europe that need to be able to easily travel to our new location”.

Hicks Baker and Haslams acted for the private landlord; the tenant was represented by Colliers.

The lettings following a refurbishment programme at TWO Waterside Drive which included an upgrade of the building’s reception and common parts.

The development is now fully let but Hicks Baker and Haslams will shortly be marketing a small suite at THREE Waterside Drive which will be reverting to the landlord when the current lease expires next year. The 5,154 sq ft suite will be available in April 2020.

For further information, please contact the joint letting agents Haslams Surveyors LLP or Hicks Baker.

Neil Seager

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Neil Seager

BSc (Hons) MRICS