Two further lettings at The Loddon Centre, in Wade Road, Basingstoke, mean that the entire estate is fully let once again: a total of 116,000 sq ft being occupied by 11 tenants.
The latest lettings have seen local company Evalve Limited expand into an 18,000 sq ft unit, whilst a further 5,000 sq ft has been let to Williams Refrigeration Limited, who will be relocating part of their operations from Kent. Both tenants have signed into 10 year lease terms with 5 year break clause options.
The estate hit a crossroad 4 or 5 years ago when 8 units became vacant over an 18 month period, mainly as a result of lease terminations arising at the same time. The original owners of the estate, Hermes Real Estate, instigated a phased refurbishment plan of the general estate services and the individual units, and visibility from Wade Road was vastly improved in the process. Hermes subsequently sold their investment a year ago to Derbyshire County Council represented by the Colliers Capital asset management team. bdt were retained along with Colliers’ London office to lease the remaining space.