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BRACE OF TECHNOLOGY DEALS AT CHINEHAM PARK

  In a double transaction at Chineham Park, BDT have successfully brokered a deal to reposition the UKN Group into offices at Unit 5 Elmwood – in the process of letting UKN’s former premises at 300 Cedarwood – to Pacific Computers Limited. UKN will now occupy a unit of 4,200 sq ft within Basingstoke’s leading…

Budget Update: Business Rates Tinkering

  Philip Hammond has set out how he intends to soften the blow of the 2017 business rates revaluation for small businesses. The chancellor has pledged to introduce “smoother and more frequent revaluations”, but is not releasing any details today. “We will set out our preferred approach in due course,” he said. In the short…

LANDMARK DECISION OF SUPREME COURT ON BUSINESS RATES

Newbigin (Valuation Office) (Respondent) v S J & J Monk (a firm) (Appellant) and Interveners [2017] UKSC14 The Supreme Court has today given its judgement in a property dispute which will dictate future business rates levels for properties undergoing works or refurbishment. The case relates to a commercial office building undergoing a scheme of works…

OFFICES VIRTUALLY “PRELET” AT MIDPOINT, BASINGSTOKE

Hermes Investment Management can announce that they have let Grade A office space at Midpoint, Basingstoke to FCB Halesway. The leading healthcare marketing agency will be taking 7,500 sq ft on the 5th floor of the building which is located in the heart of Basingstoke, adjacent to the Anvil Centre and a ’stones throw’ from…

EVER CLOSER TO A BUSINESS CLASS HOTEL FOR BASING VIEW

We understand that Heads of Terms have been agreed between the Basingstoke Borough Council and Village Inn Hotels for a new business class hotel on a vacant site on Basing View. The site in question is positioned in the north western sector of the central business district, on undeveloped land between the AA building and…

BIZSPACE TARGET BELVEDERE HOUSE

BizSpace – a specialist business centre operator – have completed their purchase of Belvedere House on Basing View, from AEW. The property comprises 118,000 sq ft and one of the BizSpace proposals is to transform 20,000 sq ft of the ground floor (and the corporate atrium facility) into “co-working space”, designed and run by specialist…

PARTS OF BASING VIEW SECURE ENTERPRISE ZONE STATUS

Further financial assistance is on its way for new and/or expanding businesses to the Borough, in the form of potential business rates relief. A dozen or so Basing View sites and buildings have been granted Enterprise zone status from 1st April 2017, meaning possibilities for up to £172,000 of savings on business rates payable in…

BUSINESS RATES: UPDATE

The UK Government has now published indicative multipliers for the 2017/18 rate year for England. The standard multiplier in England is expected to be 47.9 p The small business multiplier for England is expected to be 46.6 p The Welsh Government has set its indicative multiplier at 49.9 p. INTERACTION WITH SMALL BUSINESS RATE RELIEF…

3 UNITS LET AT THE RUTHERFORD CENTRE

  On behalf of M7 Real Estate, BDT incorporating Woodford & Co have now let three units at The Rutherford Centre, Rutherford Road, Basingstoke. Unit 5, The Rutherford Centre has been let to AJ Logistics, the home delivery specialists.  The unit totalled 1,450 sq ft and was let on a new lease for a term…

NEW BACK UP POWER STATION FOR BASINGSTOKE

Hermes Investment Management has announced that Unit A at The Loddon Centre industrial estate in Basingstoke has been let to Loddon Power Ltd. The latest in a run of deals on the estate has seen Loddon Power sign up to a new 20-year term for a 12,260 sq ft unit. This new deal brings the…

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