23
MKS / MAY 2015
Development: 9 Greyfriars Road, Reading
PORTFOLIO REVIEW
Speculative comprehensive refurbishment
of 38,200 sq ft 1980s office building
Off market acquisition in May 2014: £5.8m
Close to Reading Station, and set to benefit from Crossrail,
station improvements and major Station Hill redevelopment
ERV £1.06m pa (£28 psf)
Works commenced March 2015
Completion early 2016
Build cost (inc fees): circa £7.5
