INFORTREND CONSOLIDATE OPERATIONS IN NEW PREMISES
Simultaneous transactions have enabled Labcold Ltd to expand operations, and Infortrend Europe Ltd to consolidate, both within Basingstoke.
In a ‘mini commercial property chain’ Labcold have acquired 35,000 of warehousing and office premises at Units 1/2 Cherrywood on Chineham Park, thus enabling Infortrend to relocate from that building into Unit 5 at The Ringway Centre on Houndmills.
Labcold are leading and specialist manufacturers and suppliers of medical and laboratory refrigerators and freezers in the UK. They have signed up to a new 10 year lease at Chineham and now await the landlord (MEPC) to complete works, including an extension to the warehouse.
Infortrend is a provider of high performance network storage solutions, to include hardware, software and system integration. The company are headquartered in Taipei and their global representation extends to the USA, Germany, China, Japan and the UK.
Their new premises at Ringway comprises 14,700 of high office content warehousing, secured with the assistance of BDT on a new 5 year lease term with a break option after the 3rd year. Rental and rent free information cannot be revealed at this moment.
Richard Thomas commented … “It’s very rare for property chains to develop in the commercial market, but Labcold’s interest in Infortrend’s unit at Chineham triggered the ability for the latter to consolidate operations within a less expensive building. Importantly for Basingstoke and their respective employees, both companies favoured remaining in the town.”
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25 June 2013