AEW acquires 67,000 sq ft investment in Theale

AEW South East Office Fund has recently purchased Commerce Park and Merlin House, Brunel Road in Theale, West Berkshire.  The investment was sold by Theale Estates Ltd.  Haslams Surveyors and Bray Fox Smith advised the vendor and AHBN advised the purchaser.

The asset comprises of ten business units totalling 27,000 sq ft across two terraces and is multi let to seven different occupiers, together with Merlin House a 39,206 sq ft two storey detached office fronting Brunel Road which is let primarily as serviced offices.

Roger Reid, Associate at Haslams Surveyors commented “Commerce Park and Merlin House have always been popular due to their excellent car parking provision and proximity to Theale Train Station.  I am sure these fundamentals will continue to underpin a high level of occupier demand under its new ownership.”

Haslams are currently marketing Unit 1 Commerce Park at 2,379 sq ft two-storey office unit which is available to let on a new FRI lease.