Call Ediston Real Estate on:0131 225 5599

Phoenix, Station Hill, Reading

Phoenix, Station Hill, ReadingPhoenix is a 51,000 sq. ft. office building in a core town centre location adjacent to and 100m from the new redeveloped Reading train station.

The property was comprehensively refurbished to Grade A specification in 2013. The refurbishment included double height reception and a new mechanical and electrical services throughout. The building has a BREEAM rating of ‘Very Good’.

PURCHASE

The property was acquired by Ediston in October 2014 for £19.5m reflecting a net initial yield of 6.58%.

ACHIEVEMENTS

Secured Babcock Corporate Services Limited on the fourth floor at £29.00 per sq. ft. per annum, a record rent for the property.

http://www.phoenixreading.co.uk

Further information

Call Ediston Real Estate on:

0131 225 5599

Testimonial Gallery

“Ediston’s intensive and entrepreneurial approach to Asset Management is helping to deliver good results and enhancing the returns for the Europa/Ediston Joint Venture assets.  We like their approach to the management of real estate projects.”
Rob Sim, Partner, Head of Northern Europe, Europa Capital LLP
"The Ediston team are very active across the whole of the UK and we have worked together on a number of good opportunities over the last 6 years and are delighted to have been involved in the successes they have achieved"
Stuart Heslop, Regional managing Director, Real Estate Finance, Royal Bank of Scotland
“Ediston is a valued client of Santander. We are delighted to be working with this highly experienced and dynamic team of professionals. The business has gone from strength to strength and consistently delivers strong results, operating to the highest of standards.   We look forward to working with Ediston towards its future success.”
Nick Peet, Divisional Head - Real Estate Finance, Santander Corporate Banking