Reading’s £850m Station Hill scheme scores hat-trick of lettings

PepsiCo, PwC and NewFlex have become the first occupiers to sign up for office space at the £850m mixed-use Station Hill development in Reading. The 6.5-acre scheme is being delivered by the joint venture between Lincoln Property Company and MGT Investment Management. The trio will occupy a combined 115,000 sq ft of workspace at One Station Hill for terms exceeding 10 years.  PepsiCo will take 38,255 sq ft across floors seven and eight, plus a private terrace of 3,853 sq ft. Professional services company PwC will lease 41,954 sq ft of space across floors five and six. And NewFlex – a provider of “space-as-a-service” solutions – will occupy 31,765 sq ft across floors one and two. Following these deals, the building, designed by Gensler, is now 40% prelet prior to completion, which is expected in mid-October this year.  One Station Hill forms part of a wider 2.5m sq ft mixed-use development, which includes a total of 625,000 sq ft of office space and up to 1,300 homes, 598 of which have already been delivered in the neighbouring Ebb & Flow development. The project also includes 95,000 sq ft of retail and leisure space. Evan Reynolds, development director at Lincoln Property, said: “Each tenant has embraced our vision that the workplace should be a destination with amenities, easily accessible and set in a fully curated environment. Only by providing all of these can we say that One Station Hill is setting a new standard for grade-A office development.” JLL and Hatch Real Estate are the letting agents for One Station Hill. View other lettings in Reading >> Photo © Andy Stagg