Kennet Place

Reading, UK
  • Acquisition Type:
    Investment

  • Acquisition Date:
    2016

  • Status:
    Current

  • Project:
    Office building

  • Building Age:
    1993

  • Size:
    68,674 sq. ft

  • Asset Class:
    Office

  • Return:
    > 30% IRR
Highlights
  • The building is approximately an 8-minute walk from the train station and an 8-minute walk from the central shopping district. Reading’s train station is on the new Crossrail line, due to open in 2022, which will improve the frequency and reduce journey times to and from central London. The building also has one of the best car parking ratios (1:54 sq.m.) in the town centre.
  • Since acquisition, Westcore has invested in excess of £6 million on refurbishing of the building, equating to nearly £950 per sq.m. The refurbished building provides floor plates between 550 sq.m. and 1,300 sq.m., and includes a number of new design features including a substantially enlarged lobby, with a feature comet chandelier and an array of local artwork.

A growing footprint across Europe

London office
42 St James’s Place,
London, UK
Geneva office
Rue des Voisins 17,
Geneva, Switzerland
Berlin office
Hardenbergstraße 27, 17th Fl
Zoofenster, Berlin, Germany
Vienna office
Gutheil Schoder Gasse 8-12,
Vienna, Austria