October 2017

Reading Scientific Opt For Wokingham

Acting on behalf of our clients SGS, we have negotiated terms for the assignment of the remaining leasehold interest in Units 2 & 3, Millars Business Park, Wokingham to Reading Scientific Services Ltd.

SGS is the world’s leading inspection, verification, testing and certification company with more than 90,000 employees worldwide.

The laboratories at Wokingham were surplus to requirements and Legat Owen were instructed to advise in relation to an assignment of the remaining leasehold interest to Reading Scientific Services Ltd, who will shortly complete their relocation to the new facility. The units were let at a combined rent of £113,000 per annum.

Director Stephen Wade commented:-

We were delighted to be asked by SGS to advise in relation to the disposal of their surplus property in Wokingham and we quickly entered negotiations with Reading Scientific Services Ltd.

The property comprises modern, purpose built, business units which had been extensively fitted out by SGS as laboratory accommodation.

We advised on both lease negotiations and building surveying matters.

Stephen Wade, Director