BDT logo
Call us: 01256 840777
  • Property Search
  • Rating
  • Services
    • Disposals
    • Acquisitions
    • Rent Reviews
    • Lease Renewals & Regearings
    • Valuations
    • Investment & Development
    • Rating
  • Team
  • About us
    • Overview
    • Our Aims
    • Our Clients
  • News
  • Contact
1st February 2019

ARENA TO OPEN SECOND BUSINESS CENTRE IN BASINGSTOKE

Home > News > ARENA TO OPEN SECOND BUSINESS CENTRE IN BASINGSTOKE

Quantum House – an office building in a prominent location on Basing View, Basingstoke –has been sold to Arena Business Centres, an established serviced office provider with a portfolio of nine other centres across Dorset, Hampshire and Surrey.  Arena already have a presence in the Basing View area, with sister centre ‘The Square’ just a short walk from the newly acquired Quantum House.

Arena intend to make major investment into the 37,580 sq ft (3,492 sq m) building with an extensive programme of refurbishment, which is set to include the construction of a new reception and business lounge area.  Premium office suites will also be created as part of the refurbishment scheme, with each of the five floors providing approximately 7,500 sq ft of office space.  A range of office suites will be available on each floor, enabling Arena to effectively cater for start-ups, entrepreneurs, SME’s and larger corporations.

The property is held on a long leasehold interest from Basingstoke & Deane Borough Council, expiring in December 2101 and subject to a fixed peppercorn rent.  The price paid by Arena was just in excess of £1.5m.

Agents, BDT (Basingstoke) and DMA (London) acted jointly for the unnamed long leasehold Vendor, whilst Vail Williams (Southampton) represented the Purchaser.

 

–  ENDS  –

 

Contact for further information:

Natasha Bance
Communications Manager
Arena Business Centres
Email: natasha@arenabusinesscentres.com
Telephone: 01489 668080

Richard Thomas
Baker Davidson Thomas
E-mail:  richard.thomas@bdt.uk.com
Telephone:  01256 840 777

 

1st February 2019

Let us help you today

Please fill in our simple form and we'll be in touch as quickly as possible

Contact us
BDT logo Incorporating Woodford & Co.
RICS logo

Services

  • Disposals
  • Acquisitions
  • Rent Reviews
  • Lease Renewals & Regearings
  • Valuations
  • Investment & Development
  • Rating

About us

  • Our Aims
  • Our Clients
  • Overview
  • Privacy & Cookie Policy
  • Terms & Conditions

Contact us

7 Faraday Office Park
Rankine Road
Basingstoke
Hants RG24 8QB

Call us: 01256 840777

© 2023 BDT - Site by TLGD