First Station Hill tenants explain their relocation decisions
4th July 2024
International businesses PepsiCo, PwC and NewFlex have become the first occupiers at ONE Station Hill taking the office building to over 40 per cent let ahead of practical completion in mid-October. Why did they make the move and what is so important about these deals?
Evan Reynolds, Development Director for Lincoln, the owners and developers of Station Hilll, said: “The commitment from three tenants of this calibre, for terms exceeding ten years, speaks volumes about the positive impact of well-executed town centre regeneration. Each tenant has embraced our vision that the workplace should be a destination—a best-in-class workspace with premium amenities, easily accessible and set in a fully curated environment. ”
Jason Richards, General Manager, PepsiCo UK & Ireland
“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, Reading Senior Partner at PwC
"I am thrilled to announce the signing of the lease for ONE Station Hill in Reading. 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
"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."
Nigel Horton-Baker, Chief Executive of REDA, Reading's Economy and Destination Agency, said: "The Station Hill development is transforming the gateway to Reading and creating a statement live, work and play destination in the centre of the town. The first three business to call Station Hill home will be moving in later this year and the quality of the development and its unrivalled location will make it a very attractive proposition for businesses looking to relocate from London or consolidate office space in a brilliantly located location. “
