SUCCESSFUL CASTINGS COMPANY UPGRADE IN BASINGSTOKE
Cromwell Holdings Ltd, the Epsom based property group is pleased to announce the signing of an Agreement for Lease with Haworth Castings Ltd, on an industrial facility at the ‘Northgate’ complex in Basingstoke.
‘Northgate’ so named because it occupies a site at the northern entrance to Hampshire International Business Park is a 27,000 (2,500 sq m) commercial building combining industrial with office and laboratory space plus research and development functions.
Haworth are taking the 10,148 (943 sq m) full height industrial section to the rear of this building, which will now be refurbished by Cromwell and separated from the remainder of the property in the process.
A new 10 year lease term has been agreed between the parties, with a single break option after the 5th year at a rent reflecting £6.50 per square foot. The landlord was represented by bdt, the tenant by Carter Jonas in Winchester.
Haworth will be relocating their operations from Joule Road in Basingstoke where they have occupied premises for over 25 years. They specialise in the manufacture of aluminium sand and gravity die castings for use in the defence, aviation, marine, and energy industries. The cast products will continue to be transported from their foundry in Romsey, for finishing in the new ‘Northgate’ workshop.
The building is unusual for an industrial facility in that the construction materials are largely a combination of brickwork and glazing around a portal frame, all beneath a pitched and tiled roof.
Within the ‘front section’ of the property, BDT continue to promote the availability of a 9,000 R&D and office option at ground floor, and/or 7,625 of first floor offices. By way of alternative, the freehold interest could be purchased from Cromwell Holdings.
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Contact for further information:
Telephone: 01256 840 777
9th October 2014