Cyril Leonard advised Terrace Hill plc on the purchase and funding of this prominent eight acre site in Bracknell situated opposite Cable & Wireless and in close proximity to 3M's headquarters. The site has detailed planning permission for a 260,000 sq ft net office scheme across three buildings. The phased development is scheduled for completion in 2009 and will have an end-value of around £120m.

Terrace Hill commented: "The completed office buildings will be delivered into an increasingly vibrant Thames Valley market at a time when there will be a shortage of good quality new office space coupled with buoyant demand." Said Cyril Leonard's Andrew Hogge: "Companies including Yell, 02, Wyeth Laboratories and GMAC have either recently secured or are in the process of acquiring new corporate headquarters for in excess of 100,000 square feet. In addition there are a number of requirements in excess of 200,000 square feet from several large multinationals."