Matthew Neville

Thames Valley office leasing deal “one of the largest” of the year thanks to sustainability and wellbeing focus

M&G Real Estate, part of M&G plc’s £71bn private and alternative assets division, has signed a 10-year letting with global cybersecurity company, Rapid7, to take 22,616 sq ft at 2 Forbury Place, marking “one of the largest office leasing deals of the year” in the Thames Valley.

Relocating from its current premises in Theale, Rapid7 will occupy the first floor of the Grade A 192,000 sq ft building which is located in the town’s central business district.

The 14,116 sq ft premises expansion indicates the company’s focus on its workforce by selecting a workspace that benefits from excellent connectivity, exceptional infrastructure, and a vast array of amenities.

Forming part of the wider Forbury Place estate, an established business district comprising 600,000 sq ft of office space over three buildings, Rapid 7 joins a “high-quality line up” of tenants across the portfolio including KPMG, SSE, PWC and Osborne Clarke.

Built to the “highest environmental specifications”, the building has EPC A and BREEAM Excellent ratings and a WiredScore Platinum accreditation, the highest award for exceptional standards of its wired infrastructure, resilience, and wireless network.

Occupiers also have extensive cycle storage, shower and changing rooms at their disposal, as well as a hotel-style reception and concierge service, a spacious light-filled atrium and communal workspace.

Aaron Pope, director and asset manager at M&G Real Estate, said: “This significant display of confidence in Forbury Place and the Reading town centre office market more widely, highlights the continued demand for prime workspaces in the business districts of key urban centres.

“2 Forbury Place is a prime example of why M&G Real Estate continues to develop, reposition and invest in high quality office assets across the UK and Europe’s major towns and cities, to command premium rents from UK and international occupiers which have sustainability and wellbeing at their core.”

Michael Keimig, Senior Real Estate Manager for Rapid7, added: “We are excited to be moving into our new offices at 2 Forbury Place later this year.

“We selected the space because of its great location as well as the many amenities available to our employees, and we are confident Forbury Place will provide the next evolution in our workplace and a great home for our UK Based team.”

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