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Hogan Lovells Advises PRUPIM on Letting at Green Park

07 March 2011

LONDON, 7 March 2011 - Hogan Lovells has advised long-standing client PRUPIM on the first major letting in Reading of 2011 at 500 South Oak Way, Green Park. The global real estate investment manager agreed a letting with clinical research organisation PRA on 28 February 2011.

PRA will lease 43,000 sq ft of space for a 15 year term at Green Park, a 180 acre office park managed by PRUPIM (part of the M&G Group).  Green Park is located in south Reading, close to Junction 11 of the M4, and is popular with the pharmaceutical, service and technology sectors.

Nicholas Roberts, Senior Associate in Hogan Lovells global real estate team and lead adviser on the exchange, said:

"This is a great deal for PRUPIM and for Green Park, which continues to attract high quality tenants in the Thames Valley area. We are delighted to have acted in securing another whole building letting for our client, extending our long-term relationship."

Rory Carson, Associate Director of Asset Management for PRUPIM commented: 

“This is a fantastic start to 2011 and we look forward to welcoming another prestigious name to the Green Park community.  We have a strong working relationship with Hogan Lovells, who readily combine technical skill with an understanding of the market and our business goals in order to secure transaction terms that represent the best possible outcome for PRUPIM."


About Hogan Lovells


Hogan Lovells combines the breadth of business-oriented legal advice and high-quality service that clients have come to expect through working with its two founding firms – Hogan & Hartson and Lovells.

"Hogan Lovells" or the "firm" refers to the international legal practice comprising Hogan Lovells International LLP, Hogan Lovells US LLP, Hogan Lovells Worldwide Group (a Swiss Verein), and their affiliated businesses, each of which is a separate legal entity. Hogan Lovells International LLP is a limited liability partnership registered in England and Wales with registered number OC323639. Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG. Hogan Lovells US LLP is a limited liability partnership registered in the District of Columbia.

The word "partner" is used to refer to a member of Hogan Lovells International LLP or a partner of Hogan Lovells US LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of their affiliated businesses who has equivalent standing. Rankings and quotes from legal directories and other sources may refer to the former firms of Hogan & Hartson LLP and Lovells LLP. Where case studies are included, results achieved do not guarantee similar outcomes for other clients.

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