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In the Heathrow area, the type of business has shifted from away from the traditional industrial processes to distribution sectors, dominated by couriers, freight forwarders and logistics providers. Offices located in town centres or edges of towns have proved to be far more popular than purpose-built business parks.
Vail Williams’ Kevin Cook, regional partner, said: “Thames Valley is a busy and vibrant region with an increasingly diverse range of occupiers. All of us at Vail Williams are proud to have played our part in the success and development of the region over the past 25 years.”
Vail Williams has played a key part in shaping Reading’s IQ Winnersh Business Park - from left: David Thomas, James Bennett, Ian Rudland, James Cushing, Geoff Fallon, and Kevin Cook
to find the best accommodation for their needs, particularly the region’s ‘Silicon Valley’ occupiers such as Microsoft, Dell and EDS (now part of Hewlett Packard).
In the past 25 years, the pattern has been of demand moving away from business parks towards a footprint in towns and cities – which is now switching back again with some re-emergence of demand for business parks. A further recent trend is the increase in the refurbishment of existing buildings to meet higher building standards and the demand for quality property.
'All of us at Vail Williams are proud to have played our part in the success and development of the region over the past 25 years'
Further to the east at Heathrow, Vail Williams has been closely involved in the airport and surrounding area over the past 25 years, advising BAA Lynton, the former development arm of BAA, along with operating company Heathrow Airport and institutional investors, developers and occupiers including Scottish Widows Investment Partnership, Airport Property Partnership, SEGRO, Hines Property, St Modwen Properties, Avanta, United Biscuits, Fiserv and World Duty Free.
In Staines, Vail Williams has had a long-term involvement with Lotus Park, having originally advised occupier Lotus
THE BUSINESS MAGAZINE – THAMES VALLEY – SEPTEMBER 2013
www.businessmag.co.uk
Software (subsequently acquired by IBM) and then some years later selling the investment of this 80,000 sq ft in-town office park. Following an extensive refurbishment by the purchaser and a successful re-letting campaign Vail Williams was involved in the sale to an institutional investor.
In its quarter-century, Vail Williams has established itself as one of the leading names in the property industry, trusted by its clients to deliver business-focused solutions that add value and give clients a competitive advantage. The organisation has built its market insight from over 25 years’ standing and knowledge; its people are recognised for their breadth and depth of market expertise, shared with its clients to ensure they always benefit.
For more information about Vail Williams LLP, visit
www.vailwilliams.com
Details: Kevin Cook 0118-9097400
vwinfo@vailwilliams.com
Kevin Cook, Vail Williams regional partner
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