Advising M&G Real Estate, Strutt & Parker has acquired Reading Bridge House for £35.2million, representing a net initial yield of 7.42%.

The transaction included an 18 month rent and service charge guarantee on the vacant space.  The building is currently 48% let with occupiers including Royal London Group, Throgmorton and SCISYS. 

Reading Bridge House is one of Reading’s biggest land mark buildings providing 115,530 sq ft of grade A office accommodation over ten storeys. It is prominently located on the northern side of Reading Town Centre, a short walk from Reading Station and the Heathrow Rail Air link. 

The vacant space has recently undergone a £6million refurbishment; and there is currently 60,000 sq ft available through Strutt & Parker.

For more information, please contact James Delliere.