Creating modern business parks
The University of Reading’s new 47-acre Thames Valley Science Park (TVSP) at Shinfield, south of the M4, launches this autumn – and will become a natural national focal point for aspiring science-related businesses.
It will also become a natural working partner to the University’s established digital cluster of more than 70 ambitious startup and early stage companies with high-growth potential. The TVSP already has 80,000 sq ft of fully-fitted laboratory and office accommodation on its Whiteknights campus.
At Shinfield, a further major 800,000 sq ft commercial campus is being developed, with its first ‘Gateway’ building offering 70,000 sq ft of quality offices and laboratories, providing specialist space for innovative technology-based companies.
The ‘Gateway’ will also provide facilities for companies requiring high internet connectivity, clean rooms or similar specialist requirements, plus collaboration and café amenity space.
The TVSP will be positioned as a centre of innovation for the vibrant Thames Valley economy, providing entrepreneurial businesses with access to world-class talent linked to the University of Reading – one of the UK’s leading research-intensive universities.
The European Centre for Medium Range Weather Forecasting is sited just across the M4 but ECMRW assistance would not be needed to forecast a bright future for the TVSP.
In Theale, near M4 J12, Nokia is set to move into 40,000 sq ft at Arlington Park’s triple unit Grade-A lakeside refurbishment The Hive.
Just off M4 J11, the Kier Property 20.5-acre Reading Gateway site, former home of Hewlett Packard, is currently being redeveloped as a mixed-use scheme set to provide 175 homes, a 120-bed hotel, retail, showroom and warehousing units.
At Island Road, near Green Park, Peel Logistics and Rockspring Investment’s new industrial and urban logistics development has arrived this spring, offering three warehouse units of 56,000 sq ft, 73,000 sq ft and 127,000 sq ft.
Greater Reading’s existing modern business parks – from Arlington Park at Theale in the west, to the International Park and the huge Green Park with its M4 landmark wind turbine, to Thames Valley Park and Winnersh Triangle further east – all now offer value-added amenities such as hotels, conference facilities, transport-links, leisure, dining and shopping opportunities.
Interestingly, the three largest office deals of 2016 in Greater Reading were all on business parks.