The Story So Far


The Property  This business park comprises 20 two storey office buildings totaling 5,575 sqm/60,000 sqft around two courtyards, heavily landscaped and with water features. It is let to tenants of various qualities, from small companies to Experian, a subsidiary of GUS, and Cessna Aircraft Corporation.

However, it was developed by Bride Hall and funded by Hermes in the mid 1980's and began to look a little tired. We commissioned Hut Architecture and Macgregor Smith Landscape Architects to devise a strategy whereby what was previously known as Thatcham Business Village, and is now branded TBV, was upgraded and brought into the 21st Century. This upgrade has been implemented in phases.

Why Buy?  20 good quality modern office buildings with very good floor to ceiling heights and full access raised floors with 150mm voids. Numerous different tenants and consequently a considerable spread of risk. All buildings capable of upgrade and the whole park capable of being repositioned in the market with consequent improvement in value. The key factor on acquisition was good access to the A4/M4 and the Reading/Theale market, where rents were approximately double those at Thatcham.

Why Sell? Having let 19 TBV, the largest building on the park at 695 sqm/7,500 sqft, to Experian, a subsidiary of GUS, at 16 per sqft we felt that we had established as high a reversionary rental value as we were going to be able to achieve for the next couple of years. The recovery in the Thames Valley market will, we believed, take longer than many pundits are forecasting and, with yield compression at its greatest, with hindsight, we decided that the time was right to sell. We sold to a privately owned property company at in the region of 9.5 million.

Contact Us

10 Knaresborough Place
London SW5 0TG

Ivor A French FRICS
T 020 7244 4202
M 078 9999 1111
Email Ivor

David Coleman MRICS
T 020 7244 4214
M 079 5696 6677
Email David