Reading Enterprise Centre sell for c.£17.2m

𝗥𝗲𝗮𝗱𝗶𝗻𝗴 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗖𝗲𝗻𝘁𝗿𝗲 𝘀𝗲𝗹𝗹𝘀 𝗳𝗼𝗿 𝗰.£𝟭𝟳.𝟮𝗺
Tapping into strong demand for Thames Valley tech and incubator space, we’ve just completed the c.£17.2m sale of the Reading Enterprise Centre on behalf of our client Aviva Investors, reflecting a net initial yield of 8.8%.

The 55,000 sq ft building – which is let to the University of Reading for another 11 years, with RPI-linked rent reviews in place – was sold to French investment firm Iroko’s Zen fund.

Operating as an incubator space on the University’s Whiteknights Campus, the centre plays a key role in fostering innovation and supporting a thriving knowledge-based community.

Hanover Green’s Jonathan Webb advised Aviva on the sale, while Savills’ Craig McLaren advised Iroko.

To be the first to find out about the leading South East and Greater London investment opportunities as they arise, get in touch with the Hanover Green team.