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Arieso Heads to Astor House at Newbury Business Park

3rd March 2011

On behalf of Newbury Business Park LP, Moorfield Group (Moorfield) has agreed a five year lease for part of the first floor of Astor House at Newbury Business Park in Berkshire with Arieso Ltd, a leading provider of network management software solutions used by global operators to transform the performance and profitability of mobile networks.

Paul Makin of Moorfield, commented "This deal further confirms the demand for high quality office space in Newbury. Newbury Business Park offers the facilities and support that high tech and expanding businesses need to thrive and we look forward to seeing Arieso continue to grow."

Richard Fuller, CFO of Arieso said "Following significant growth and expansion of our European business it became necessary to move our headquarters to larger and more prestigious office space which whilst providing flexibility to expand further, offers excellent access and facilities for both our staff and customers."

Benefitting from Tesco Superstore and M&S Simply Food on its doorstep, Astor House at Newbury Business Park currently has suites available from 1,300sq ft to 11,500 sq ft. Astor House is a self contained 2 storey office building benefiting from a comprehensive refurbishment programme.

Advising agent for Moorfield, Richard Deal, Deal Varney said "This is a great deal for the Park and marks the second year running where the take up for office space including new to be developed sites is close to 100,000 sq ft and higher than a number of other business centres in the Thames Valley region."

Deal Varney and Campbell Gordon advised Moorfield Group.