FLB Accountants LLP, which employs 60 people from its offices at Winnersh Triangle in Reading, has doubled its property footprint there, taking a new 10-year lease at 250 Wharfedale Road.
Spanning 1.5 million sq ft of mixed-use buildings, Winnersh Triangle provides a wide range of spaces including major headquarter buildings, Grade A offices and start-up office suites which have attracted over 60 occupiers to its vibrant business community including BMC Software, Virgin Media and ScanSource.
The deal, negotiated by property consultancy Vail Williams LLP on behalf of landlords, Frasers Property, will see the accountancy firm take 6,400 sq ft of office space just metres up the road from their existing premises at 150 Wharfedale Road.
Gary Bell, partner at FLB Accountants, said: “When we initially moved onto the estate, we took a space that we believed would be adequate for the medium term. Having grown significantly faster than we had expected, we were committed to remaining at the park and the attitude of Frasers to our changing needs cannot be overstated. They have been extremely supportive of our growth and our changing needs throughout.”
For FLB Accountants, the transport links offered by the Winnersh estate made it the obvious choice, citing an increasing number of new staff choosing to join from further and further afield, attracted by the on-site train station and close proximity to the M4.
Charlie Nicholson, partner at Vail Williams who negotiated the deal on behalf of Frasers Property, owners of Winnersh Triangle, said: “It is great to see yet another success story for one of the park’s occupiers. The sheer size of Winnersh Triangle enables it to support companies throughout their lifecycle, providing the grow on space they need to develop their businesses, making use of the variety of spaces on offer there.”
Frasers Property continues to invest heavily in the estate, including the refurbishment of 62,000 sq. ft. at Building 210, due to complete in September 2020 and which will be let by US software giant Hewlett Packard Enterprise who are taking 31,000 sq. ft.
New landscaping, amenity provision and buildings at Winnersh Triangle, including developing a sports hub with fitness studio and multi-purpose outdoor court, see the estate continue to evolve. A network of footpaths will also be installed, enhancing the pedestrian experience, giving the people based there the opportunities to further enjoy where they work.
“The investment being made into the facilities onsite is staggering. It’s clear the owners have a great understanding of what tenants want. They are working very hard to create a community and to ensure their tenants have everything they need to attract the best people in their fields,” concluded Gary of FLB Accountants.
Curve Workplaces, based in Bracknell, were appointed to undertake the building fitout which is now complete.
BNP Paribas are joint agents alongside Vail Williams for Winnersh Triangle, acting for owners Frasers Property.