In a rare and unusual off-market transaction, BDT have been instrumental in selling a 22,000 sq ft Head Office facility on the Hampshire International Business Park in Basingstoke.
Lime Tree Gate has been sold by Arena Business Centres to German IT company, Hemmersbach. The freehold price remains under wraps. Hemmersbach will secure full access to the building in December 2016 and are anticipating occupation in April 2017, relocating their operations from Calleva Park in Aldermaston once Lime Tree Gate has been fully fitted to their requirements.
In the meantime, Arena will seek to relocate their serviced office clients from the building into a recently purchased property on Basing View, which is presently the subject of an extensive refurbishment itself.
Hemmersbach’s search for freehold offices to the north of the town was very specific and prompted BDT to make off-market enquiries to a handful of freehold owners to see whether they might be interested in a sale and relocation of operations. This approach fortuitously coincided with Arena taking a strategic decision to base their Serviced Office Centres in more central locations in the future.
Hemmersbach are a large international company and will be a welcome addition to Basingstoke’s occupier and employer list.
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Contact for further information
BDT incorporating Woodford & Company
Telephone: 01256 840 777
19th September 2016