Sopra Steria, the multinational information technology services provider, has become the latest company to take space at Winnersh Triangle Business Park, near Reading.
he 20,000 sq ft lease – arranged by DTZ acting on behalf of Harris Systems – will allow the French company to relocate from its present Reading base at Thames Valley Park to new high-tech offices within 1010 Winnersh Triangle at a rent of £26.50 per sq ft.
“The letting to Steria represents over a quarter of the building being let, with us only having kick started the marketing at the beginning of the year,” explained Jeremy Smith, an associate director in DTZ’s south east office agency team
“That, along with expressions of interest shown in most of the remaining space, is a good indicator of the strengthening local office market and gives us a positive outlook for the rest of the year.”
The Euronext Paris-listed Steria, which has 20,000 employees across 16 countries, is headquartered in Issy-les-Moulineaux, France, from where it oversees the provision of consulting services for its clients’ core business processes and information systems. Other Winnersh tenants include Virgin Media, Intel, BMC Software and the Guide Dogs charity.
“The size and quality of the office space at 1010 Winnersh Triangle makes it very attractive to expanding businesses, but there are many other draws to this particular business park, in terms of both transport links and services,” added Smith.
Already home to more than 50 businesses, Winnersh Triangle is an 85-acre estate offering commercial and industrial business space to a wide mix of national and international ventures, including headquarters buildings, research and development, life sciences and logistics.
On site amenities include a four-star hotel with conference facilities, a fitness centre, pool and spa, bistro, and a bar and restaurant. The park is minutes from the M4 motorway, less than half-an-hour from Heathrow — and even has its own railway station with direct services to Central London.
Earlier this year DTZ announced its merger with Cushman & Wakefield. The new company — which will operate under the Cushman & Wakefield brand — will reportedly have revenues in excess of £3.5bn, more than 43,000 employees, and will globally manage over four-billion square feet on behalf of institutional, corporate and private clients. The formalities of the merger are expected to be completed before the end of 2015.
