Fladgate LLP has advised Patron Capital, the pan-European property investor and its asset management partner and leading real estate adviser APAM, in relation to multiple lettings at Arlington Business Park, Reading.
Patron and APAM have agreed the pre-let of the entire building 1240 comprising approximately 34,350 sq. ft. to NTT Security, the UK subsidiary of the Japanese telecoms giant NTT DoCoMo, on a 15 year lease.
Additional leases which the Fladgate team advised on include those granted to CHBC, Willis Trowers Watson, Kier, Panaya, Nutanix, Synopsis, Civica and Zerto.
Arlington Business Park was purchased by the joint venture during the early part of 2015 and has since been undergoing a rolling programme of refurbishment and investment with a view to repositioning the asset. The Fladgate team advised on all legal aspects relating to the acquisition, financing, redevelopment and the letting of vacant and newly created space to a diverse series of tenants.
The Fladgate team was led by real estate partner Gideon Dabby-Joory, assisted by real estate senior associates Roland Brandman and Adam Baker, real estate associate Nick Wood and construction associate Sasha Pirbhai.