First Tenants at Station Hill

Station Hill has announced the first three tenants for ONE Station Hill - PepsiCo, PwC and NewFlex, who together will occupy over 115,000 sq ft of prime office space. What has brought them to Reading and to Station Hill?  

Jason Richards, General Manager, PepsiCo UK & Ireland: “We are excited to be moving to ONE Station Hill in 2025 and being part of the new vision for a vibrant, regenerated Reading town centre. ONE Station Hill will offer our UK-based employees a modern and collaborative workplace that supports our flexible ways of working. Furthermore, the building has been designed with sustainability in mind, reflecting our own commitments to reducing our impact on the environment."

Gareth Murfitt, Reading Senior Partner at PwC: "I am thrilled to announce the signing of the lease for ONE Station Hill in Reading. As one of the fastest-growing urban centre economies, with improved infrastructure, the arrival of the Elizabeth Line and updated railway networks, the area is becoming increasingly attractive for investment. This new office space reflects our commitment to our people, clients, and the local community in Reading and the Thames Valley. It demonstrates our dedication to creating a dynamic, collaborative, and efficient working environment that fosters inclusivity and prioritises sustainability. This move will reinforce our presence in Reading and the Thames Valley, enabling us to continue making a positive impact on the local market and contributing to the growth of the local economy."

Steve Jude, CEO of NewFlex: "Given that it supports more than 15,000 businesses ranging from start-ups to globally recognised brands, Reading has solidified its reputation as a premier international business hub, particularly in the science and technology sectors. As one of the fastest-growing urban economies in the UK – bolstered by the strong impact of the Elizabeth line and the rapid link this provides to London – Reading stands as a pivotal destination for ambitious businesses. We're delighted to have been selected to manage more than 30,000 square feet of flexible workspace and eagerly anticipate welcoming businesses and entrepreneurs later this year."

PepsiCo will take 38,255 sq ft (3,553 sq m) across floors 7 and 8, and a private terrace of 3,853 sq ft (358 sq m).  Professional services company PwC – which has 19 offices across the UK – has signed for 41,954 sq ft (3,897 sq m) across floors 5 and 6.  NewFlex – a pioneer in ‘space-as-a-service’ solutions – will take 31,765 sq ft (2,951 sq m) of space across floors 1 and 2. 

ONE Station Hill—designed by leading international architect Gensler—is located directly opposite Reading railway station and is part of the transformational development of the town centre, creating a connected live-work-play experience. The office building is arranged across lower ground and ground floors and fifteen upper floors, with roof terraces on floors 8 and 15. 

Evan Reynolds, Development Director for Station Hill developers Lincoln: “The commitment from three tenants of this calibre, for terms exceeding ten years, speaks volumes about the positive impact of well-executed town centre regeneration.”