Legal & General signs three more tenants at Apex in Reading
Legal & General Investment Management (LGIM) Real Assets, has secured a further three lettings at the newly refurbished Apex building, located next to Reading train station.
Apex comprises of 221,000 sq ft Grade A office space, which underwent further refurbishment this year as part of the Legal & General’s second phases of its ‘capsule’ concept, offering more flexible leasing. Capsule offices offer a range of options to suit occupiers needs, moving away from the traditional category-A fit out to provide furnished and work ready offer.
Since launching in 2018, Capsule has proven an increasingly popular option for occupiers, a trend that is now expected to continue in a post-COVID environment when the case for flexible office products will be even stronger.
The three lettings within Apex included; Lichfields, Randstad recruitment agency and MMT, who have all opted for a five year flexible lease.
“Despite the Covid crisis, the Capsule offer continues to see great traction, and these Apex lettings are testament to this. Capsule is a flexible offer for our occupiers, delivering high quality, furnished and work ready fitted office space across the UK. Whilst there may be a sea of change ahead in the real estate sector, our approach will be customer and market driven by offering straightforward, low capital solutions which can be transacted without delay.”
Andrew Mercer, Office Sector Lead at LCIM Real Assets
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