After a long standing two year search for suitable commercial premises, Trane UK Ltd have signed into an Agreement for Lease on ‘The Laurels’ building on the Viables Business Park in Basingstoke. The Agreement for Lease will roll into a formal 10 year Lease with a 5th year rent review and/or break clause following the completion of some outstanding Landlord’s Works.
BDT represented Trane in the transaction, initially starting the search for suitable warehouse and yard premises back in the summer of 2020. The combination of the ‘right size’ warehousing, ancillary offices and extensive hardstanding and parking requirements, served to limit the opportunities available to Trane. Consequently, the area of search extended beyond Basingstoke initially, but ultimately a suitable building of 32,000 sq ft happened to be identified within ½ mile of their current office address!
The rent and rent free terms have been withheld, but the unit will enable Trane to combine operations (including external yard storage) from other nearby locations, bringing with it considerable operational advantages. The company services and maintains large air-conditioning, heating and ventilation units which are primarily used in manufacturing, hospitals, studios, concert halls, data centres and many more industries. The yard area at The Laurels will be utilised to store the HVAC units which are the size of large generators, before and after their maintenance and servicing within the warehouse itself.
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Contact for further information:
Richard Thomas
Baker Davidson Thomas
E-mail: richard.thomas@bdt.uk.com
Telephone: 01256 840 777
11th October 2022
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