Had the rumoured move by Visa, from Kennet Wharf to the Blade, taken place it would have been a good thing for Reading.
Not because of any great influx of new jobs – Visa’s currrent building is about 500 yards away. But because it would have improved the perception of the town . Visa, it is reported in the property press, has now decided against the move.
Reading was lucky to get the Madejski Stadium and The Oracle before the economy began it’s steep decline but the timing of The Blade – the best building in town – was less fortunate. It was completed just as firms everywhere were downsizing quickly and dramatically.
The result was that one of the few office blocks that is kind on the eye, is a thumping great white elephant with just lowest two floors let to Kaplan.
A big name in a such a presigious building would have given the image that Reading really is bucking the trend, whether or not that was true.
However those empty floors simply show that despite the reports saying how recession proof Reading is, the truth is recovery is a very long way off.