Palm Capital signs trio of deals in Reading

21 / 05 / 2019

Existing tenant Huntswood, the specialist resourcing and consultancy firm, has taken a new lease on 40,000 sq ft across the second and third floors, while two new occupiers, technology firm Entrust and automotive software firm Autino, have taken 7,000 sq ft on the sixth floor and 6,000 sq ft on the seventh floor respectively.

Abbey Gardens was acquired by Palm Capital in 2017 and it has since completed a refurbishment of the building.

Reda Khatim, founder and managing partner at Palm Capital, said: “With the UK’s largest proportion of tech occupiers and highest employment rate, Reading continues to be an attractive market for investors and tenants. At Abbey Gardens, we transformed an unmodernised building in a prime location into a vibrant business space that appeals to occupiers who are increasingly focused on sustainability and amenities that help attract and retain staff. These three new lettings are a testament to the success of our transformation of this building, which forms part of our wider investment theme of creating value for tenants and investors by acquiring and improving UK office assets.”

Haslams and Knight Frank are letting agents at Abbey Gardens. Autino was advised by Hicks Baker; Huntswood and Entrust were unrepresented.

Harry Bevins

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Harry Bevins

BA (Hons) MSc Real Est MRICS

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