Oval Real Estate is partnering with Aljazira Capital and Iqon Capital to redevelop a 35-acre campus in Newbury, Berkshire. Vodafone still occupies four buildings on the site following a sale- leaseback.

The new development includes refurbishment of three existing buildings, the wider campus environment and park facilities. It aims to create flexible workspaces designed to attract high quality corporate tenants in innovation-led sectors such as life sciences, research and development, and technology companies.

Oval says that the redeveloped site will include a new lakeside restaurant, fitness centre and onsite meeting room suites with spaces for co-working and flexible working.