Dowley Turner Real Estate are pleased to announce a new letting to Jive Software at F&C REIT’s TVP2 building at Thames Valley Park in Reading. Simon Glenn of DTRE says, ‘This is the first letting since the completion of a major £4million refurbishment and underlines the quality of the building.’
Jive Software have taken a ground floor wing totalling 7,444 sq ft on a new 10 year lease with a tenant only 5 year break at a headline rent of £25.50 per sq ft. Jive Software have relocated from Arlington Business Park in Theale. There is 29,507 sq ft of Grade A space remaining at the building. Simon Glenn adds, ‘We have recently increased the quoting rent at TVP2 to £28.50 per sq ft. We have strong interest in the remaining space and we have seen a marked increase in tenant demand in Q2, 2013.’ DTZ acted for Jive Software.