News

14th July 2020

Hollister Incorporated sells Wokingham offices in favour of move to Winnersh Triangle in Reading.

The global healthcare company which is headquartered in Chicago, has sold its UK premises at 42 Broad Street in Wokingham, Berkshire, and will relocate its workforce to Winnersh Triangle business park in Reading later this year.

Hollister UK has taken 10,700 sq ft of space on the first-floor wing at Building 1010 on a 10-year lease, in a deal brokered by property consultancy Vail Williams LLP on behalf of Frasers Property, owners of Winnersh Triangle.

With increased capacity from their existing premises, the move will support the company’s continued growth in developing, manufacturing, and marketing healthcare products and services worldwide.

Tom Horkan, HR Manager for North Europe, commented: “We are delighted to be joining the vibrant business community at Winnersh Triangle. The building has been refurbished to an excellent standard and we look forward to taking advantage of the various amenities on offer there, from the cafés and shops, to the onsite hotel and green space that surrounds it. We are also very excited about future plans to continue to develop the business park even further.”

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 including Virgin Media and ScanSource.

Charlie Nicholson, the partner at Vail Williams who secured the deal for Frasers Property, added: “It is great to see that, despite lockdown, there are still some fantastic deals to be done. Solicitors are still transacting, and leases are still being signed as Winnersh Triangle continues attract high-quality occupiers, drawn both by both its connectivity and second-to-none facilities.

“As more and more businesses seek a move out of London, business parks such this will become the go-to location, offering not just a more cost-effective solution to London, but also a better quality of life too.”

Curve Workplaces were appointed to undertake fitout of the space at Building 1010 on Hollister’s behalf and worked remotely with the company to guarantee that the design, development and landlord approval processes were completed during lockdown.

“Curve have created a design that maximises the light and flow of the building and will create an engaging, collaborative and highly flexible workspace for our associates. Building 1010 will ensure that we have the grown-on space that we need as we continue to expand our business operations and we look forward to making the move once fitout is complete,” concluded Tom at Hollister.

Fitout is expected to be completed in late July and Hollister hopes to be in situ by early August.

Colliers International acted for Hollister. BNP Paribas are joint agents alongside Vail Williams.