Area is working on behalf of US-based private equity firm Spear Street Capital to complete a Cat A refurbishment of the TVP1 building on Thames Valley Park in Earley, Reading.
The former office and data centre will undergo a £11million upgrade to provide a modern campus-style development for its tenants. Once completed, TVP1 and TVP2 will be renamed ‘Earley East’ and ‘Earley West’ respectively, collectively known as ‘The Earley Buildings’.
Scope of works includes a full strip out back to the building’s shell and core before completing a fit out of all three floors. The large car park will be significantly upgraded, and major landscaping works will be undertaken to the front exterior. The adjacent TVP2 will also undergo cosmetic changes to suite the buildings together as one campus.
Upon completion, Earley East will provide a double storey reception area featuring flexible working opportunities for its tenants. Additionally, the transformed landscaped area at the front of the building will provide amenities for tenants of both Earley East and Earley West to use.
Wanting to encourage tenants of both buildings to come together, the campus setting will include amenities such as seating and picnic tables and a new coffee shop within the landscaped exterior. Supporting tenants’ wellness and commuters coming to the development by bike, a new shower block is being built externally to Earley East.
Having established a successful property portfolio across the United States and Canada as well completing projects within Ireland, this will be Spear Street Capital’s first project within the UK.
Earley East is situated on Thames Valley Park, a premier business park located in East Reading on the River Thames. Priding itself on uniquely managing commercial and environmental development side by side, Thames Valley Park is set within its own beautiful 22-acre landscaped park.
Working alongside Paragon Building Consultancy (Project Manager and Quantity Surveyor), Pinnacle ESP (M&E Services Consultants) and branding company Mammal, Area will deliver the 85,000 sq ft project within a 30-week project programme.