Better in Basingstoke

Activity has picked up in Basingstoke and in a more confident approach a developer is being sought for the 167,220 sq.metres (1.8 million sq.ft.) redevelopment of the Basing Business Park. This would be a long term project of up to 15 years and is being promoted by Basingstoke and Dean Council. It wants a mixture of offices (about half the total), a hotel and serviced apartments, residential, shops and leisure. There is already an approved master plan by Broadway Malyan for the 65 acre site, which was built in the 1970s. The plan envisages several business districts and a pedestrian boulevard linking the park to the town centre through Grosvenor’s Festival Place Shopping Centre.

At another business park in Basingstoke, MEPC’s Chineham Park, there is an aggressive policy of overcoming the effects of the economic slow down. An example of this is that an enterprise hub for SMEs has been created. MEPC’s Rupert Batho said: “Last year we set ourselves a nine month target to create a small business campus in the Elmwood area of the park. With Basingstoke offering all the requisite elements of an entrepreneurial economy we know there would be a requirement for such a centre.” As part of this project, MEPC has launched ‘Greenlite’ which is a simple and flexible way to lease office space for companies who employ between 10-50 people.”

At the Hatch Industrial Park, Surecalm Healthcare Ltd has taken Unit 6 comprising 853 sq.metres (9,185 sq.ft.). This deal completed in May 2010. Prior to this, Oventrop, a leading manufacturer of valves and controls for the building services industry, purchased the long leasehold interest of Unit 11 comprising 2,090 sq.metres (22,497 sq.ft.). CBRE’s Ruth Tytherley commented: “This sale brings the occupancy rate up to approx 55%, with firm interest being shown in two of the remaining five units.”



The Thames Valley Commercial Property Register

The Thames Valley and Heathrow Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space in Thames Valley , Serviced Offices in Thames Valley Commercial property in the Thames Valley area. You can also find the latest commercial property news for the Thames Valley region.