National house builder, Miller Homes Ltd, have announced plans for a relocation of their Basingstoke office within the town.
The Group will relocate operations from Spinnaker House which is located to the north of Chineham Park, to a newly refurbished, self-contained office building on the Faraday Office Park scheme in the Daneshill area. They have leased 7,200 sq ft of fully refurbished offices by way of a new 10 year term, with a break clause at the end of the 5th year. The financial terms of the deal remain under wraps, but the letting agents for Faraday Office Park confirm quoting rents of £15.50 psf apply to the remaining office options.
BDT acted for Miller Homes in the lease acquisition, the landlord (Eskmuir Securities Ltd) were represented by Hollis Hockley.
Tracey Forbes-Taylor, regional operations director for Miller Homes Southern, said:
“We’re excited to be moving into our new office as this reflects our substantial growth in the south. We identified this location as an excellent place to continue to strengthen our already firm footing in the region.”
“The new office, combined with further land investment, will help us achieve the carefully planned and ambitious target set for Miller Homes as a whole, which includes establishing new communities within Hampshire, Surrey, West Sussex, Berkshire and Oxfordshire, with plans to branch out even further in the future.”
Miller Homes posted pre-tax profits of £89 million in 2016, so will be a welcome addition to the tenant list on the Park. Eskmuir continue to market the fully refurbished and newly air conditioned space options from between 1,700-6,530 sq ft. A video link showing the quality of the refurbishment is provided within their new website – www.faradayofficepark.com.
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Contact for further information:
Baker Davidson Thomas
Telephone: 01256 840 777
19th January 2018