Atex Group takes new Reading offices

Global software company signs up for office space at the Advantage building

Article posted: 01 Jun 2011

Valad, the European multi-let real estate investment manager, on behalf of The Advantage Property Income Trust Limited (TAP), has signed a new lease with Atex Group Limited (Atex) for grade A office space in Reading at the Advantage building.

Atex, a global software company selling solutions for media-rich industries, has signed a 12 year lease at a rent of £22 per sq ft on 8,448 sq ft of office space on the third and fourth floors of the Advantage building. The move is part of a plan to consolidate the company’s sites from across the UK, including Green Park Reading, into a single headquarters in Reading.

A 24,915 sq ft, four storey office building located close to Reading town centre, Advantage has excellent transport links with the west of England, Heathrow Airport via the M4 motorway and direct Intercity train services to London Paddington and Birmingham International Stations. It is also one of very few buildings providing office space in the Thames Valley to have achieved a BREEAM “Excellent” rating.
 
Jim Rose, CEO of Atex, commented: “Advantage is a perfect fit for Atex. As a world class, industry leading organisation, we need to have a global HQ synonymous with this, where we can proudly host our customers from across the globe and where our employees feel proud to work. Advantage fulfils this in every way and also supports our rapid anticipated growth over the next few years.”
 
Valad was advised by Lambert Smith Hampton.

For breaking news relating to office space in Berkshire follow us on http://twitter.com/officespacenews

Posted by Jo