The Brief

Since the turn of the century, Spear Street Capital has invested in more than 70 properties in various markets throughout the United States, Canada and Europe, representing over $9 billion in total value. The Earley Buildings located in Thames Valley Park is our clients’ first redevelopment project to be undertaken in the UK and therefore was an important exemplar ahead of future investments within the region.

Earley East and Earley West (previously known as TVP1 and TVP2) were originally built during the 1980s. Earley East had been home to Fujitsu since 1996 and having been left vacant in recent years, required a complete refurbishment. The Earley East building was in a tired condition and had a dysfunctional layout; entrances, common areas and amenity reconstruction were imperative to our approach.

The final product needed to maximise floor area and create functional outside space, also in keeping with the Spear Street Capital brand identity. Additionally, the workplace needed to be both practical and flexible to ensure it was suitable for single and multi-let tenants.

Location
Thames Valley Park, Reading
Sq Ft
85,000 sq ft
Value
£11 million
Duration
30 weeks

 

The Solution

Working in collaboration with professional team; DTRE, CBRE, Project Managers and Quantity Surveyors – Paragon Building Consultancy, Mechanical and Electrical Services Consultants – PinnacleESP, Brand Agency – Mammal, Sustainability Consultants – Alphacello and Landscape Architects – Landscape Perspective, our brief was to establish a first-class standard for workplace design in the Thames Valley, providing a renewed offering to the existing 85,000 sqft of commercial space. Spear Street Capital wanted to accentuate the relationship between the inside space and outside environment, connecting each building with shared amenities to create a sense of community within the development and the wider business park, recognising the potential to deliver something unique and add real value to the site.

The modern campus-style development has been designed with its tenants as a priority. Sitting within over 80 acres of beautifully landscaped reserve, Thames Valley Park is a destination in its own right, but now, with the renewed vision introduced by Spear Street Capital and innovative design by the Area team, the entire environment has been transformed to facilitate movement, interaction and stimulation.

The key deliverables for this project included a complete strip-out, back to the building’s original shell before demolition and refurbishment works of all three floors could take place. The large car park was also significantly upgraded and major landscaping works were undertaken, including the full design and construction of an exterior café.

A major centre piece for this project is the two-storey reception in Earley East which incorporates a dynamic mezzanine lounge. This space reflects the bold and contemporary aspirations Spear Street Capital were striving to accomplish. Designed with the user in mind, the Area team have reimagined the workplace as a multi-functional hub including a warm welcome space and flexible working environment, with a variety of facilities and spaces for tenants to enjoy.

Project Insight

Across both buildings, Spear Street Capital set high sustainability targets. Our team of sustainability experts worked closely with our suppliers to drive the project towards reaching a net carbon zero status by grouping deliveries, eliminating single use plastic and even going so far to make sure only Fairtrade beverages were available on site. The Earley Buildings has achieved an energy performance (EPC) B rating, a Gold Ska grading and a ‘very good building’ BREEAM status.

Driven by the objective to create a thriving working environment, promoting connection, engagement and productivity, there is a strong emphasis on wellbeing. Providing an exceptional user experience was an important element of the original brief, therefore secure cycle storage and maintenance facilities have been installed, as well as a boutique wellness suite and electric car (EV) charging points.

We are thrilled to announce The Earley Buildings project has been named winner of the 'Sustainable Development Project' Award at The Business Magazine Thames Valley Property Awards 2020. See our press release here.

"The campus concept was central to the brief. The objective is to allow the tenants of both buildings to come together, introducing new amenities that you might not see on an average business park. The outdoor environment has been considered with seating picnic tables and breakout areas. Intrinsic to our client’s vision, a new café sitting within the transformed landscaped has been fully designed and constructed, catering not only Earley Builds’ tenants but also occupants from the wider business park"


Sion Davies, Managing Director, Area

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