It’s the first major deal in 2015 in Reading town centre but it may also allow development of the SSE site in Vastern Road which will link the new Thames footbridge with the station underpass. Furthermore it means the second section of this huge development could be in the pipeline. One Reading Central has already been renamed Three Forbury Place so Two Forbury Place must surely be imminent.
So what effect will this have on the ever delayed Station Hill scheme? That is perhaps the harder question to answer. It could take away a possible tenant for Station Hill but it might also be a sign that the market is stirring.
Whichever is true, the move has to be a positive. If more lettings follow it could be huge.