PATRIZIA UK, the manager of Winnersh Triangle, announces that it has commenced construction on 220 Wharfedale Road, a 52,043 sq ft Grade A office re-development at the business park near Reading.
Scheduled for completion in the spring of 2016, 220 Wharfedale Road will provide office accommodation over three storeys, feature a striking new glazed reception structure, and will benefit from a full re-fit of all internal services. It will provide 222 parking spaces, plus 48 secure cycle storage stands and will have showers and changing facilities on each floor.
220 Wharfedale Road is the latest high profile building project at the business park where a £27 million 60,483 sq ft Grade A office development is also under construction at 1030 Eskdale Road.
Once complete, the re-launched office building will attract further enterprise, investment and companies to Winnnersh Triangle, which is already home to over 60 diverse brands that employ 4,000 people. Businesses on site include Jacobs (UK) Ltd, Virgin Media, BMC, Microchip, Grant Thornton, Lloyds Bank, WH Smith and Bang & Olufsen (UK) Ltd.
Will Lawrie, PATRIZIA UK asset manager, said: “This project represents another exciting phase in the dynamic evolution of Winnersh Triangle and underlines our commitment to taking the park forward. The comprehensive scope of works to 220 Wharfedale Road will be transformational and the revitalised building will further enhance our offer of premium office accommodation.
“Winnersh Triangle continues to attract new business to the region through its unrivalled connectivity, great facilities and top quality surroundings, and this, in turn, delivers new jobs, investment and opportunities in the local economy.”
Winnersh Triangle has seen extensive investment in development since it was acquired in July 2013 with funds managed by Oaktree Capital Management LP and real estate investor PATRIZIA UK Ltd.
Located just off junction 10 of the M4, Winnersh Triangle benefits from its own train station as well as a four-star hotel with a restaurant, conference facilities and a range of leisure amenities, including a retail store, café, nursery and ATM.