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
28th March 2018

Capricorn Automotive facilitate neighbourly expansion

Home > News > Capricorn Automotive facilitate neighbourly expansion

UL, a global compliance, auditing and verification business, have agreed a new lease at Unit 1 & 2 on the Horizon development at Kingsland Business Park in northeast Basingstoke.

As part of a tripartite transaction, Capricorn Automotive Ltd – the previous occupier of the entire property – have taken a short lease back on half of the unit,  to allow UL’s immediate occupancy and to enable their own operations to be downsized before migrating to a new facility later in the year.

UL have committed to a new 10 year lease at 1 & 2 Horizon (38,000 sq ft) and have simultaneously agreed a reversionary lease on the same term arrangement at their existing 11,000 sq ft facility (Unit 3), the adjoining premises. Rental levels remain undisclosed.

For the landlord, Legal & General Investment Management, this is an excellent result following on very quickly from their investment purchase of the entire Kingsland Business Park. The transaction also allows UL to meet their own expansion requirements, whilst Capricorn (advised by bdt) can now concentrate on reducing some overheads and moving into premises of approximately half the size.

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