London, UK, 10 October 2012: Huawei, a leading global information and communications technology (ICT) solutions provider, today announced it has signed an agreement with Oxford Properties, the real estate arm of the OMERS Worldwide group of companies, which will see Huawei move its UK Headquarters to Green Park, Reading.
In April 2013, Huawei will take up residence at the 140,000 sq ft building at 300 South Oak Way, which was recently returned to Green Park under a landmark deal that has given Oxford Properties full control of the asset.
First stage in Huawei’s £1.3billion investment
The announcement is the first step in Huawei’s £1.3 billion-pound investment and procurement programme into the UK. Huawei’s move to Green Park follows the announcement by Ren Zhengfei, founder and CEO of Huawei, in September 2012, that the company would make investments of £650 million and spend another £650 million on procurement in the UK over the next five years. The privately-owned group also announced that the company’s workforce would increase from the 800 it currently employs in the UK, to 1,500, over the next five years.
Victor Zhang, CEO, Huawei Technologies UK said: “This move marks the beginning of an exciting new period of development for Huawei in the UK. We opened our first office in here in 2001 and the decision to move to a new headquarters reinforces our long term commitment to the UK. Green Park is at the heart of the Britain’s communications and technology industry, is well located for some of our major customers, has excellent transport links and is the right location for us as we continue our UK expansion. The new HQ offers the space to accommodate up to 1,000 people as our business here continues to grow in the coming years.”
Welcoming Huawei to Green Park, Alok Sharma, MP for Reading West, said: “I am very pleased that Huawei has chosen to base its headquarters in my constituency in Reading and I look forward to welcoming them to the area. Huawei is providing important investment to the UK and creating hundreds of new jobs for Reading and Green Park, demonstrating once again that Reading is an economic powerhouse in the south-east.”