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 redevelopment of Quantum House by Arena Business Centres, the letting of almost 35,000 sq ft to the Ministry of Defence at Southern Cross which is currently being refurbished and the letting of the 61,400 sq ft Florence Building in its entirety to Sovereign Housing Association.

Other significant lettings in the borough last year included 24,240 sq ft to the Highways Agency at Viables Business Park and 18,066 sq ft let to Merlin Entertainment at Chineham Park. Other lettings included 13,600 sq ft to Reflexis, 14,700 sq ft to Cobalt Technologies and 13,900 sq ft to HID.

Basingstoke property agents Baker Davidson Thomas also estimated that available office space in Basingstoke and Deane totalled 678,000 sq ft at the end of 2019.

In addition to office lettings, Squarestone Hub completed its purchase of the 154,000 sq ft Mountbatten House with its Grade II listed hanging gardens and has planning permission for a comprehensive refurbishment. This space forms part of the total supply figure reported by BDT.

Further Grade A office space is set to be made available through a new 40,000 sq ft office building, named Benchmark, and the redevelopment of Norden House to create 45,000 sq ft of new office space, named Neon.

Leader of Basingstoke and Deane Borough Council Cllr Ken Rhatigan said: “The borough is already home to over 7,700 businesses and we are committed to attracting more businesses to be part of our growing success story.

“These latest figures are further confirmation that the work we are doing through projects such as the £500 million regeneration of Basing View to ensure the borough is well placed to meet demand now and in the future, is working.

“Basingstoke and Deane has a lot to offer with a range of office space, great connectivity to the ports and London and high-quality amenities for companies considering relocating here.”

Richard Thomas at BDT added: “The 2019 take up stats are impressive particularly when set against the Brexit related challenges that were faced in the commercial property sector. We predict that demand will be healthier again in 2020, the town is most certainly back on the map!”

« 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 »