UK-based developer ISG has secured a £7.9m contract to refit a five-storey office building at Green Park in Reading.
Under the terms of the contract, the firm will revamp the old building at 400 South Oak Way, which was originally constructed in 2002.
The current shell and core state of the 102,000ft² facility will be refitted to provide high-specification, BREEAM Excellent office accommodation.
The existing unit houses more than 50 businesses and is owned and managed by Oxford Properties.
ISG will be responsible for a comprehensive mechanical and electrical services infrastructure upgrade for the building, along with modifications for its five lift lobbies and atrium.
Planning for the redevelopment project also includes installation of photovoltaic panels on the outside of the structure, along with extensive hard and soft landscaping works, including cycle paths and bike storage.
ISG is also expected to create an additional parking area and improve external lighting at the site.
ISG divisional director Graeme White said: "As the Thames Valley continues to carve out a reputation as the business destination of choice for major domestic and international blue chip organisations, property investors are responding by upgrading existing assets to extremely high standards.
"ISG, from its Reading base, brings unrivalled London office credentials to this highly dynamic and demanding market.
"We’ve forged excellent links with the property investment community and local supply chain partners and we are seeing increasing demand for our expertise and in-depth sector knowledge."
The project contract follows a successful refit carried out by ISG for the nearby 450 South Oak Way, which is now occupied by PepsiCo.
Image: A computer-generated image of the revamped office building in Reading. Photo: courtesy of ISG plc.