Utility provider SSE is set to move into a new Reading town centre office development, the BBC understands.

The firm is expected to be announced as the new tenant at the 1 Forbury Place development.

BBC South business correspondent Alastair Fee said a deal would be a "massive signal that Reading is an economic powerhouse".

SSE would not comment on individual locations, but a statement said Reading "falls into an area of interest".

It added it was "constantly looking at market options that might enhance its property portfolio".

The office space, developed by M&G Real Estate and Bell Hammer opposite the former Reading prison site, is one of the biggest speculative office developments outside London.

Talks between SSE and the developers are expected to be finalised later this week, with SSE taking 190,000 sq ft of office space over eight floors.

SSE already has its headquarters in the town.

The glass fronted complex, due to be completed next month. was built on the site of the former Metal Box office building which was demolished last year.

Nigel Horton-Baker of Reading UK, a community interest company set up to promote investment in the town, said: "If this deal happens, and I don't know if it will, it's a tremendous sign of the confidence business has in Reading as a location."

Source- http://www.bbc.co.uk/news/uk-england-berkshire-33858899 

TPI provided Project Management services on this project- http://www.tpiltd.co.uk/Current/Forbury-Place200/ 

M&G have now exchanged on the letting of the whole of 1 Forbury Place to SSE plc.