Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two lettings at newly refurbished Three Arlington Square in Bracknell, Thames Valley, leasing just under 3,500 sq ft of space in testament to the continued resilience of the South East commercial property market.
Multinational conglomerate General Electric is taking c. 2,080 sq ft of space on a 2-year lease across the fourth floor suite in the building. Recruitment consultancy Tiro Partners is taking 1,400 sq ft of space on a 5-year lease, also on the fourth floor, as part of its expansion plans. General Electric and Tiro are the latest additions to Three Arlington Square’s vibrant occupier mix, with occupiers including Ivanti, Bridgethorne and iHasco, which took almost 10,000 sq ft of space in the building last year.
These lettings follow a comprehensive and ongoing floor-by-floor refurbishment of the property, which has included the installation of a new triple-height reception and 4,000 sq ft of attractive, fitted and furnished Cat-B plug and play workspace areas across the fourth floor. Over the coming months, Orchard Street will also be upgrading 27,000 sq ft of workspace across the ground and third floor of the property and installing its popular fitted plug and play offerings across part of the space, with workspaces starting from 1,500 sq ft to continue to appeal to a range of different sized companies. This project also aligns with Orchard Street’s responsible investment strategy of refurbishing and redeveloping existing building stock where possible to preserve assets and limit the Company’s environmental impact.
Featuring full access raised floors, three lifts, high-quality air conditioning systems and plentiful parking, the property is just five minutes’ walk from Bracknell railway station and sits close to the M4 and M3 motorways as well as offering access to Heathrow Airport and Central London within 27 and 55 minutes by train. The building is also adjacent to Bracknell’s newly regenerated one million sq ft shopping destination, The Lexicon, and benefits from its numerous retail and leisure offerings.
Josh Quinton-Smith, Asset Manager at Orchard Street, commented: “The newly refurbished plug and play space at Three Arlington Square excellently reflects the latest ways in which occupiers want to work together in a new hybrid environment. These two lettings, signed in quick succession, are testament to both the resilience of the South East office market and the continued appeal of well-designed, high-quality offices in strategic locations.”
Kevin Slaughter, Finance Director at GE Verona, said: “We are thrilled to have moved into our new home. The brand new high quality office suite which has just been created provides us with the perfect environment for our business to flourish and adapt as needed. The suite provides us with the space to connect, collaborate and socialize with colleagues across our company.”
Casey Reid, Operations Manager at Tiro Partners, added: “We are delighted with our new office space in Three Arlington Square. It is immaculate and provides everything we need to flourish. We are looking forward to our journey here.”
Vail Williams and Hanover Green acted as the joint letting agents for Orchard Street.
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Orchard Street Investment Management
Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market with £4.2 billion of AUM (as at 30 June 2022). It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial warehouses, retail warehouses, and offices.