A major letting has been completed on part of The Crescent scheme, located on The Viables Business Park in Basingstoke.
Vision RT have signed a lease on 32,700 sq ft of mixed use commercial space within Building 1, satisfying their requirement for a combination of offices and research & development uses. A new 10 year lease has been contracted with the Landlord, Gort Properties, who were represented by local Basingstoke agents bdt and the Southampton office of CBRE. A tenant break option has been granted at the end of Year 7, to reflect Vision RT’s potential for further expansion. The financial figures involved in the deal have not been revealed by either party.
Vision RT, winner of two Queens Awards, are a medical device manufacturer, renowned for developing market leading technology for surface guided radiation therapy. The technology allows the tracking of a patient’s skin in 3D during treatment, enhancing patient comfort and safety and improving treatment efficiency. The company will also retain their existing premises in Ramsdell for a period of time.
Vice President of Operations, Gideon Hale, commented:
“The Crescent offers us an excellent opportunity to accommodate the substantial growth that we are experiencing. Fortuitously the property was previously used by another medical research company, so the design and layout were ideally suited to requirements”.
Richard Thomas from agents bdt added:
“Make no mistake, this is a genuine good news story. It sees the requirements of a rapidly growing Basingstoke company being satisfied locally, whilst also reflecting a major letting of office space in the town”.