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Bottomline Technologies acquires 58,000 Sq Ft office at The Hive

Bottomline Technologies acquires 58,000 Sq Ft office at The Hive

Bottomline Technologies have purchased the freehold interest at Hive 3, taking 58,142 Sq Ft for its own occupation. The group is relocating from its premises in Reading town centre.

Hive 3 forms part of a lakeside campus which was refurbished in 2018 with the addition of a restaurant pod, due to be operational Q2 2019.

The development has welcomed 5 companies to the complex over the last 12 months transacting 120,000 sqft of office space to Nokia, CITL, Arcum, Bottomline and ICR. A further 8,000 sqft is now under offer.

Only 12,220 Sq Ft remains at Hive 1 where the landlord undertook a full back to shell and core refurbishment and has been refitted to a Grade A standard with new M&E, services and finishes.

RARE and Knight Frank advised Praxis and the occupier was advised by LSH.

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