PATRIZIA AG has on behalf of its institutional clients invested in a turn-key build-to-rent (BTR) development in Reading for an undisclosed sum.
“Olivers Place” is a collection of 281 high quality BTR properties comprising a mix of one, two and three-bedroom apartments. The homes have been acquired from award-winning housebuilder Berkeley Homes, who will deliver Olivers Place in four phases as part of its larger Huntley Wharf development on the banks of the River Kennet. The first residents are scheduled to move into Olivers Place in 2024, with the final phase set to complete in 2025. Each property will come fully fitted and be finished to Berkeley Homes’ high standards of design and specification.
“Not only does Reading represent a huge opportunity for high specification BTR accommodation as the economic capital of Thames Valley; but it is also a major hub for finance and technology firms, has a top 30-ranked university and benefits from strong connections to London, which will only improve next year with the opening of Crossrail,” said Antonio Marin-Bataller, Director, Pan-European Transactions at PATRIZIA .
Residents will enjoy riverside living and have access to a range of on-site amenities, including a landscaped podium garden, concierge service and co-working studio. There will be 131 car parking spaces and in line with PATRIZIA’s focus on sustainability, it will provide a number of electric vehicle charging points. A nursery and other flexible commercial units will be available to the wider Huntley Wharf community in keeping with PATRIZIA’s philosophy of building sustainable communities.
Situated on the River Kennet, opposite Chocolate Island, Olivers Place is located less than one kilometre from Reading town centre and the national railway station. Trains from Reading to London Paddington take just 23 minutes, while the arrival of the Crossrail train service in H1 2022 will provide residents with direct travel to Liverpool Street and Canary Wharf.
Source : PATRIZIA