Basingstoke is the place to do business
Thursday February 13th, 2020
Basingstoke and Deane continues to demonstrate it is a workplace winner, following the release of the latest office take-up figures.
Last year, office lettings across the borough totalled almost 305,000 sq ft with 52% of these on Basing View, the town’s 65-acre central business district.
Significant deals on Basing View included the 37,000 sq ft redevelopment of Quantum House by Arena Business Centres, the letting of almost 35,000 sq ft to the Ministry of Defence at Southern Cross which is currently being refurbished and the letting of the 61,400 sq ft Florence Building in its entirety to Sovereign Housing Association.
Other significant lettings in the borough last year included 24,240 sq ft to the Highways Agency at Viables Business Park and 18,066 sq ft let to Merlin Entertainment at Chineham Park. Other lettings included 13,600 sq ft to Reflexis, 14,700 sq ft to Cobalt Technologies and 13,900 sq ft to HID.
Basingstoke property agents Baker Davidson Thomas also estimated that available office space in Basingstoke and Deane totalled 678,000 sq ft at the end of 2019.
In addition to office lettings, Squarestone Hub completed its purchase of the 154,000 sq ft Mountbatten House with its Grade II listed hanging gardens and has planning permission for a comprehensive refurbishment. This space forms part of the total supply figure reported by BDT.
Further Grade A office space is set to be made available through a new 40,000 sq ft office building, named Benchmark, and the redevelopment of Norden House to create 45,000 sq ft of new office space, named Neon.