Composite Metal Technologies Plc (CMT) have firmly committed their business to Basingstoke by purchasing the freehold interest in their office premises at Prisma Park in Wade Road. Unit 3 on the park, comprising 2,100 sq ft, has been sold by Equity Estates to CMT for £270,000.
CMT first moved to Basingstoke in 2007, leasing Unit 3 together with an industrial unit at the rear of Prisma Park. As a result of continued business growth and solid financial backing, the company expanded in 2012, taking an additional industrial unit and further office space bringing the total they occupy at Prisma Park to 7,150 sq ft.
Neil Collins, Managing Director at CMT commented ……..”Prisma Park has proved a good fit for our technology based engineering business and its good to see the estate filling up with like minded companies. We have always liked the relatively small but attractively designed self-contained buildings, coupled with the rare opportunity to buy the freehold.”
Equity Estates continue to be advised by Basingstoke agents, Baker Davidson Thomas and London Clancy, who between them have sold 12 freehold units and let two more on the park. Two self-contained office units remain available to purchase at very attractive prices, particularly as values are expected to rise on the back of economic growth and improving demand for commercial property.
