Vodafone has agreed a deal to sell its UK headquarters in Newbury, Berkshire, to Iqon Capital on behalf of Saudi investor Aljazira Capital for an undisclosed figure.
It has entered into long-term leases on four of the seven buildings at the Connection as part of the sale. The remaining three properties will be refurbished into updated and sustainable workplaces.
Oval Real Estate will act as asset and development manager for the site. The properties have a combined net internal area of 486,810 sq ft and are located on 38 acres of landscaped grounds.
In 2022, Vodafone implemented a new hybrid working model for its 10,000 UK employees.
Vodafone was advised by Colliers.
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