Kier Property and Invista have signed up Yell, publisher of the Yellow Pages, for a 153,000 sq ft headquarters in Reading.
The deal, first tipped in Property Week 12.07.07, completed this week. Yell will occupy eight storeys of One Reading Central, the first new property in the Reading Central development.
One Reading Central, the first phase of the entire 600,000 sq ft development, will be the largest ever office building in Reading town centre.
Around 1,350 Yell employees are scheduled to relocate to One Reading Central in summer 2010, from two existing offices.
John Condron, chief executive of Yell, said: ‘Yell has seen tremendous growth and development in recent years and the opportunity to relocate our UK head office teams to one building will enable us to build on this for the future and gives us the opportunity to enhance team working and communication.’
Leigh Thomas, associate director at Kier Property, said: ‘With Yell’s stature as an international blue chip business and its long history in the town, it is fitting that it will be the first occupant of Reading’s largest ever office building.’
Lambert Smith Hampton advised Yell. DTZ advised Invista and Kier.