Want Space Got Space - Offices, retail and industrial space Want Space Got Space - News about how to find and advertise commercial property to let, rent or sell in England, Wales and Scotland including Offices, Warehouse, Commercial, Manufacturing, Shops and Retail.

 

Categories:

Parallel lettings at the Faraday Centre, Basingstoke

wantspacegotspace.co.uk - Parallel lettings at the Faraday Centre, BasingstokeTwo significant warehouse and industrial transactions have progressed at The Faraday Centre in Rutherford Road, Basingstoke. A total of 77,380 sq ft has been let in recent weeks, with both deals coincidentally completing within days of each other.

KnowHow, the end-to-end services band of Dixons Retail plc has signed a 5 year lease on Unit A, comprising 42,100 sq ft. Unit B, of 35,280 sq ft, has been let on a separate 5 year term to Ripley Engineering (UK) Ltd.

Baker Davidson Thomas (BDT) and Hicks Baker represented the landlord, AW Davis Properties, throughout negotiations. KnowHow was advised by London agents, Colliers International and Ripley(UK) was advised by Lamb Brooks, Solicitors. The agreed rents were based on figures of £4.50 psf, with each tenant agreeing to undertake improvements to their respective premises.

KnowHow will be relocating from outside of Basingstoke, and Ripley will expand from their current premises in nearby Rankine Road on the Daneshill Estate.

Richard Thomas at BDT commented ……”Almost inevitably after quite a lengthy marketing campaign, we received three independent offers for these two units at the same time! The Basingstoke warehouse market continues to show resilience in what otherwise still remains a challenging time for the local commercial property market”.

Posted by The Editor (wantspacegotspace) on 30th September 2013

Back to news list

 Surrey  Leeds  Leicester  Derby  Nottingham  Birmingham  Manchester  London  Essex  Milton Keynes  Northampton 
 Kettering  Cardiff  Basingstoke  Dorset  Shrewsbury  Bristol  Southampton  Reading  Bolton  Coventry  Swansea  High Wycombe 
 Corby  Rugby  Worcester  Chelmsford  Lincoln  Bedford  West Sussex  Doncaster  Wolverhampton  Telford  Croydon  Slough 
 Cornwall  Solihull  Sittingbourne  Fareham  Watford  Portsmouth  Ashford  Greater Manchester  Luton  West Malling  Kings Hill  Middlesex