Bayer and Thales for Green Park
by Marco Cillario Tue 2 February 2016, 5:52 pm
A business park in Reading, recently awarded for its efforts to enhance wildlife, has welcomed two multinational organisations and has hit over 90% occupancy.
Lettings were announced for pharmaceutical company, Bayer and electronic systems company, Thales at Green Park on Monday 1 February by real estate company Oxford Properties Group, which owns and manages the park.
The combined lettings exceeded 65,532sq m and the occupancy rate at Green Park now stands at around 92%.
Thales took 33,852sq m of space in a building on 350 Longwater Avenue on a 20-year lease and made Green Park its UK headquarters, relocating from Addlestone in Surrey.
Bayer took 24,384sq m in 400 South Oak Way on a 15-year lease, relocating from Newbury town centre.
Investment management company JLL acted for both Thales and Bayer.
Deals were also confirmed to expand the offices of existing occupiers Datto and Proofpoint
The former, which provides comprehensive data backup, recovery and business continuity solutions, took 5,004sq m at 250 Longwater Avenue, outgrowing its current 157sq m at 100 Brook Drive.
“We see 2016 as a year for major expansion,” said Andrew Stuart, managing director at the EMEA division of Datto.
“Our move to new larger premises is a testament to our company’s success since choosing Green Park for our EMEA head quarter.
“The new offices will accommodate a growing team. Currently, we are actively recruiting and plan to increase headcount significantly to service our growing client base across the region, as the demand for our data protection and recovery technologies grows.”
Proofpoint concluded a new 10-year lease of 2,560sq m at 100 Brook Drive, having outgrown its suite in the same building.
The company provides software solutions for inbound email security, outbound data loss prevention, privacy protection and electronic discovery.
Rory Carson, director and asset manager at Green Park, said: “Green Park is home to some of the world’s largest brands and most successful companies across a variety of business sectors.
“Our reputation as a community where businesses and people can grow and flourish continues to attract new occupiers from across the south-east, and from around the world.”
More than 50 companies – including PepsiCo, Symantec and HSBC – currently have offices in the business park.
Green Park became the first business park in the UK to achieve the Wildlife Trust’s Biodiversity Benchmark award at the beginning of 2016, when the the 79-ha site was recognised for its commitment to improving biodiversity.