M&G Real Estate has agreed new terms with existing occupier Cunningham Lindsey, which is committing to remain in the Apex Plaza in Reading town centre for the next five years.
Cunningham Lindsey, a UK loss adjustment services company, has been based in Apex Plaza since 2004. It occupies 7,835 sq ft on the second floor of Block C at a rent of GBP29.50 per sq ft.
Aaron Pope, associate director, asset management at M&G Real Estate, says: “This new deal is a great endorsement for Apex Plaza, which we believe is one of the best office locations in the Reading area due to its town centre location and proximity to London. We are currently undergoing major internal refurbishment works to improve the common areas and hope to have this completed by September 2014. Only 7,000 sq ft remains available to let.”
Apex Plaza is home several blue chip organisations including Ernst & Young, HSBC, Shoosmiths and Osborne Clarke.
CBRE and Campbell Gordon represented M&G Real Estate. Square Foot Consulting advised Cunningham Lindsey.