Vail Williams Completes £3M Leasing Deals In Five Weeks

Property consultancy Vail Williams has successfully negotiated leasing deals worth a total of £3.07 million rent roll in just five weeks right across the Thames Valley region, with a further £6.5 million under offer.

The agency based in team in Reading and Oxford all worked on the deals for a range of regional, national and international clients.

Guy Parkes, Vail Williams Partner based in Reading, said:

“The whole team has been exceptionally busy in getting numerous deals over the line. We feel that this not only demonstrates that confidence is returning to the office market across the region, but that there are a great many businesses out there seeking the best accommodation as the flight to quality continues with hybrid working arrangements settling down into a clear rhythm.

“Landlords prepared to invest and speculate in delivering super prime and Grade A stock may well prosper and see rental growth drive forward whilst there is strong demand and lack of new office stock coming to market at this time.”

Recent deals have included:

Uxbridge – 10,000 sq ft letting at Three Roundwood Avenue, Stockley Park, the refurbished and redesigned office workspace on a first class business park, on behalf of local authority client.

Wimbledon – 17,000 sq ft acquisition of office space for a leading retail group behind major high street names.

Reading – 7,000 sq ft acquisition of office space Apex Plaza, a 221,000 sq ft office building revamped for a contemporary workplace, for an independent higher education watchdog.

Reading – 10,000 sq ft disposal at Reading Bridge House, the refurbished high specification office building by the Thames, to a major Private Healthcare provider.

Reading – 5694 sq ft disposal at Reading Bridge House to a global recruitment specialist.

Reading – 1,070 sq ft disposal at Reading Bridge House to a service management specialist.

Reading – 7,073 sqft acquisition at Davidson House, a 121,000 sqft prime office in the business quarter to a major brand specialising in media advertising.

Bracknell – 3,750 sq ft disposal at One Arlington Square, the modern Grade A workplace created in an extensively renovated office building, to a fast-growing distributor of AV and workplace solutions.

Milton Park, Oxfordshire – 23,000 sq ft letting of laboratory space to a growing battery technology specialist on behalf on the leading hub for innovation’s owners.

Vail Williams has been advising public and private sector organisations across the Thames Valley for more than 30 years. The firm has one of the largest multidisciplinary property teams in the region, based in Reading and Oxford.

Vail Williams’ full-service property advice includes commercial agency, investment and development advice, building consultancy, property valuation, planning, lease advisory, property asset management, business rates and occupier consultancy.