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ACRE races through Reading

ACRE Capital have advised a property company on the off-market disposal of Northgate House in Reading town centre. The transaction was an exceptionally quick office deal taking only 3 months from launch to exchange. The asset is single let to DEFRA and measures 60,966 sq ft NIA.

The property received a lot of interest through the changes in permitted development rights (PDR), but ultimately sold to an adjoining landowner who is repositioning the assets within their portfolio.

Location: Reading Town Centre
Property Type: Office
Transaction Type: Sale
Client: Property Company