17 April 2019

Demand for Basingstoke office space spurs development plans

Strong demand and limited supply is driving plans for the development of new Grade A office space in Basingstoke.

Last year, office lettings in the town totalled 260,000 sq ft with almost 50% of these on Basing View, the town’s 65-acre central business district. Significant deals included the 45,000 sq ft pre let to Eli Lilly and Company and the letting of Abstract’s 60,000 sq ft Florence Building to Sovereign Housing Association.

Other significant out of town lettings last year included 49,000 sq ft to Vyaire at Chineham Gate and 32,700 sq ft let to Vision RT at Viables.

Local agents BDT estimated that available office space in Basingstoke totalled 587,000 sq ft at the end of 2018, but according to Thames Valley agents RARE, only 52,000 sq ft of this is existing Grade A space.

Kate Dean, Project Director (Basing View and Commercial) at Basingstoke and Deane Borough Council comments: “With a shortage of Grade A office space looming, Basing View is well placed to meet demand. Leading international architecture and design firm BDP has just been appointed for the redevelopment of the gateway Norden House site and the Council’s joint venture development partner Muse has started pre-let marketing for Benchmark, a 40,000 sq ft office immediately to the north of the new Eli Lilly building.”

Elsewhere in the town, Frasers are on site with the refurbishment of Maplewood at Chineham which will provide 93,000 sq ft and completes in June this year.

There are also plans for refurbishment of existing Basing View office buildings, creating more high quality office space. Arena Business Centres, which already has a centre at The Square, Basing View, recently purchased Quantum House. It is planning major investment in the 38,000 sq ft office building, including the construction of a new reception and business lounge.

Kate Dean adds: “2019 is set to be an exciting year at Basing View. Construction of the new Village Hotel has started and enabling works on the site of the new Eli Lilly and Company offices are also underway. Add to this, the new development options which are in the pipeline and it is clear that Basingstoke has a lot to offer in office space, location and amenities for companies considering relocating here.”

« Back to news

Recent news

13 February 2020

Village Hotel Basingstoke officially opens its doors

Village Hotel Basingstoke has officially opened its doors, following a £25 million investment from Village Hotel Club. Marking the occasion, Cllr Diane Taylor, the Mayor of Basingstoke and Deane, her consort, Dr. Andy Taylor and Enterprise M3 Director Linda Cheung joined General Manager Nalin Daud to celebrate Village’s 31st hotel opening and an exciting new […]

Read more »
05 February 2020

Latest figures show Basingstoke is the place to do business

Basingstoke and Deane continues to demonstrate it is a workplace winner, following the release of the latest office take-up figures. Last year, office lettings across the borough totalled almost 305,000 sq ft with 52% of these on Basing View, the town’s 65-acre central business district. Significant deals on Basing View included the 37,000 sq ft […]

Read more »
27 January 2020

A new benchmark for Basing View

A new 40,000 sq ft Grade A office scheme is set to become the latest addition to Basing View as plans moved a step closer. Benchmark, a new office building featuring a contemporary reception, roof terrace and a multi-storey car park, has been granted full planning permission from Basingstoke and Deane Borough Council. The new […]

Read more »
09 September 2019

New business-class hotel takes shape

Construction of a new business-class hotel in Basingstoke’s central business district is expected to complete in January. Basingstoke and Deane Borough Council’s Leader Cllr Ken Rhatigan and the Cabinet Member for Regeneration and Property Cllr John Izett visited the Village Hotel site at Basing View to catch up on its progress. Since October, contractor Willmott […]

Read more »