Sytner Group to upgrade Audi premises
Wed 29 April 2015, 4:01 pm
The Sytner Group is to upgrade its Audi car dealership facility in Reading to a 5,110sq m site at asset manager and developer Segro’s Imperial Way scheme.
The company has agreed a 25-year lease on the premises, where work has begun this month (April). The firm’s relocation from smaller premises in Reading to Imperial Way will enable the retention of 53 jobs in the area with the potential to more than double the number of employees to 127 by 2020 – a 58% increase compared with the current facility
Imperial Way is a 2.83-ha site in the Thames Valley and is located next to the M4 motorway and close to major conurbations and key transport routes.
Nigel Mills, The Sytner Group’s property director, said: “Market demand in the Thames Valley is steadily growing and the move to Imperial Way will enable us to meet our and Audi’s ambitious growth objectives for the area.
“Sytner Group had been searching for a larger premises in the Reading area for a number of years and so we were delighted to learn of Segro’s Imperial Way site”.