PPG sell land in Bracknell

17th June 2014

Our clients, Premier Property Group, have sold a site of 2.2 acres on London Road, Bracknell to One Property Group for a figure in excess of £3million. 

The land represents part of an investment, that Wright & Partners introduced and advised upon. Bought some years ago, namely Foundation House and  Radius Court,  two large office buildings strategically located between London Road and Eastern Road, just to the south east of Bracknell town centre. 

Having found tenants for the vacant part of Radius Court the investment was sold on by our clients. Foundation House was demolished and a planning consent secured for a 90,000 sq ft office head quarters building. 

With the recession hitting the commercial property market hard, that proposed redevelopment became unviable. More recently Bracknell Forest District Council have allocated the site, together with the joining properties, as being suitable for residential development and it is understood that One Property will now seek to assemble a larger redevelopment site to allow a comprehensive residential led mixed use redevelopment of the area.

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