Since opening in 1999, The Oracle has become the foremost shopping and leisure destination in the Thames Valley region. Developed in a joint venture between Hammerson and the Abu Dhabi Investment Authority (ADIA), The Oracle continues to attract UK and international retailers including Reiss, L'Occitane, Crew Clothing, Pandora and Lakeland.
The Riverside, the restaurant and leisure venue designed to regenerate Reading’s riverside area, is home to 18 cafes and restaurants including, most recently, Jamie’s Kitchen and Café Rouge, and a 10-screen Vue cinema.
| Fast Facts | |
|---|---|
| Ownership: | 50% |
| JV partner: | ADIA (50%) |
| Property net internal area: | 70,700m2 |
| Key dates: | 1999 developed |
| Tenure: | Leasehold |
| Principal occupiers: | Debenhams, House of Fraser |
| Number of tenants: | 116 |
| Unexpired lease term to expiry: | 7 years |
| Occupancy rate: | 98.1% |
| Financial Overview | |
|---|---|
| Rent passing: | £13.3 million p.a. |
| Average rent passing: | £495 per m2 |
| Financial Information relates to Hammerson ownership at 30 June 2010 | |
