Arlington Securities - Offices Development - Reading, Arlington Business Park

Date: 13 Feb 2006

Arlington Securities, one of Europe's leading independent investment management and property services businesses, on behalf of the Arlington Business Park Partnership has started the construction of a significant speculative office build scheme, the next phase of development at Arlington Business Park, Reading. The 108,489 sq ft, three-building Lakeview development is scheduled for completion in Spring 2007.

The decision to develop speculatively at the Park follows a series of three successful lettings of 29,745 sq ft in 2005 to Wrigleys, In Technology and RF Micro Devices by current occupiers.

Jim Johnston, head of Arlington's development services team comments:

"For some time we have been seeing the effects of a recovering market in the Thames Valley. The three lettings in 2005 have left the Park with a vacancy rate of less than 1% and we currently have no accommodation available. We are therefore confident that there is demand for new, high quality office accommodation in the region and that the time is now right to start building speculatively."

Lakeview will consist of three office buildings totalling 45,015 sq.ft, 33,346 sq.ft and 30,128 sq.ft offering flexible accommodation with generous car parking in landscaped surroundings.

The 48 acre campus at Arlington Business Park Reading provides a high quality office environment in an accessible location, being adjacent to both the M4 and Theale railway station, a range on shops and leisure facilities close by and also benefits from a range of additional property services provided by Arlington, current occupiers include Royal Bank of Scotland, KPMG, Vodafone, Wolseley and PepsiCo.

Agents Strutt & Parker and Savills are acting on behalf of Arlington.

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