Shoosmiths advises ComponentSource on relocation to new Reading premises

Shoosmiths advises ComponentSource on relocation to new Reading premises

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Author: Robyn Adams

National law firm Shoosmiths has advised leading software component provider ComponentSource Limited on its move to new premises in Reading.

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Marcus Devanny, Real Estate senior associate

ComponentSource will take up a new 10 year lease from 1 January 2018 at the innovative office development, The White Building, Reading.

Established in 1995, ComponentSource is the world's largest B2B pure play distributor, reseller and marketer of developer tools and software components for application developers. Its worldwide customer base of more than 1.1 million registered users and 160,000 customers in 130 countries is served from offices in the USA, UK, Ireland and Japan.

The Shoosmiths team was led by Real Estate senior associate Marcus Devanny with solicitor Abigail Gisbourne supporting and senior associate Andrew Outram providing construction advice. The team not only advised on the lease agreement for the new premises but also on the agreement to surrender ComponentSource's existing premises, all of which was required to be turned around in 20 working days.

Nigel Farnworth, Chief Financial Officer at ComponentSource, commented: "Moving into the innovative White Building development signals exciting times for the business as it continues to grow from strength to strength. Marcus and the team at Shoosmiths have provided an exceptional service, reacting quickly to each stage of the project and ensuring a successful and timely outcome."

Marcus Devanny added: "It has been a pleasure to advise ComponentSource on the move to their new home in Reading and we wish them all the best for the future and look forward to working with them again."

Shoosmiths' national real estate team services a wide variety of clients on real estate, construction, planning, property litigation and environmental issues. Clients range from commercial and residential developers to investors, retail and leisure operators and public sector bodies including Bellway, St Modwen Properties PLC, Allied London, Marstons, Northwood and Galliford Try.