• Swindon & Wiltshire Property
• Thursday June 13 2024
• Author Name: Peter Davison

PepsiCo, PwC and NewFlex become first occupiers of Reading’s One Station Hill

PepsiCo, PwC and NewFlex have become the first occupiers at One Station Hill in Reading.

The deals mean that 40 per cent of the Reading office development is now let, with practical completion anticipated in October this year.

PepsiCo will take 38,255 sq ft (3,553 sq m) across floors 7 and 8, and a private terrace of 3,853 sq ft (358 sq m).

Professional services company PwC – which has 19 offices across the UK – has signed for 41,954 sq ft (3,897 sq m) across floors 5 and 6.

NewFlex – a pioneer in ‘space-as-a-service’ solutions – will take 31,765 sq ft (2,951 sq m) of space across floors 1 and 2.

PepsiCo is consolidating its existing office space, which is currently located on the edge of Reading at Green Park, in favour of the town centre position offered by One Station Hill, while PwC is moving from existing premises only a short walk from the building.

The space will be NewFlex’s first workspace in Reading and the company is currently touring potential occupiers for an October start.

Jason Richards, general manager, PepsiCo UK & Ireland, said: “We are excited to be moving to One Station Hill in 2025 and being part of the new vision for a vibrant, regenerated Reading town centre.

“One Station Hill will offer our UK-based employees a modern and collaborative workplace that supports our flexible ways of working.

“Furthermore, the building has been designed with sustainability in mind, reflecting our own commitments to reducing our impact on the environment.”

Gareth Murfitt, senior partner at Reading PwC, said: “As one of the fastest-growing urban centre economies, with improved infrastructure, the arrival of the Elizabeth Line and updated railway networks, the area is becoming increasingly attractive for investment.

“This new office space reflects our commitment to our people, clients, and the local community in Reading and the Thames Valley. It demonstrates our dedication to creating a dynamic, collaborative, and efficient working environment that fosters inclusivity and prioritises sustainability.

“This move will reinforce our presence in Reading and the Thames Valley, enabling us to continue making a positive impact on the local market and contributing to the growth of the local economy.”

Steve Jude, CEO of NewFlex, said: “Given that it supports more than 15,000 businesses ranging from start-ups to globally recognised brands, Reading has solidified its reputation as a premier international business hub, particularly in the science and technology sectors.

“As one of the fastest-growing urban economies in the UK – bolstered by the strong impact of the Elizabeth line and the rapid link this provides to London – Reading stands as a pivotal destination for ambitious businesses.

“We’re delighted to have been selected to manage more than 30,000 square feet of flexible workspace and eagerly anticipate welcoming businesses and entrepreneurs later this year.”

One Station Hill is located directly opposite Reading railway station and is part of the transformational development of the town centre, creating a connected live-work-play experience.

The office building is arranged across lower ground and ground floors and fifteen upper floors, with roof terraces on floors 8 and 15.