BDT can report two further, and not insignificant lettings at Faraday Office Park in the Daneshill area of Basingstoke.
The ground floor of Unit 4 has been let to Kone Plc, who will occupy 1,707 sq ft of fitted and furnished space at a headline rent of £20.00 per sq ft. ITT Industries Ltd have leased the first floor in the same unit, comprising 1,954 sq ft, paying £14.00 per sq ft for unfitted open plan space.
The deals were completed within two weeks of each other and reflected a busy period for office enquiries in late spring this year. Both of the tenant’s offer excellent covenant strengths, which will be pleasing for the landlord, Eskmuir Securities Ltd.
Interestingly, both occupiers emerged from former facilities which became earmarked for redevelopment, the intention being to redevelop historic and dated 1980’s offices into more marketable brand new warehousing space, which is in greater demand than secondary offices nowadays.
Unit 2 on the Faraday Office Park scheme continues to be marketed by BDT and Hollis Hockley, for Eskmuir and offers space options between 3,139 – 9,936 sq ft.
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Contact for further information:
Baker Davidson Thomas
Telephone: 01256 840 777
11th October 2022