Hermes Investment Management, the £28.6 billion manager, focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, has announced a further letting at its “TLC” industrial park in Basingstoke.
The announcement follows the Fund’s completion of refurbishment plans on the estate.
The latest of five deals, which have now been concluded since Hermes assumed control of the estate, has seen Habitech Ltd sign up on a new 10 year lease term for Unit K at £6.50 per sq ft per annum.
The building comprises 18,500 sq ft to include integrated offices, 30 car parking spaces, and separate loading to the rear.
Stephen Ellis, Asset Manager at Hermes Real Estate, said: “The high levels of letting activity at TLC following our refurbishment and rebranding last year has demonstrated the success of the new positioning and reflected our occupier-led leasing policy. The letting to Habitech Ltd provides us with a high profile tenant near the entrance to the park, which will further support the site’s onward success”.
Habitech is a leading distributor of Home Entertainment and Home Automation Products. The firm supplies principally to the trade industry and to property developers who subsequently install the electronic equipment and gadgetry into new build homes.
The letting of Unit K at TLC, will see Habitech relocate existing operations and staff from Alton. Operations Manager, Casper Sims, said: “We are looking forward to housing the company at TLC, and Unit K will provide us with excellent prominence onto Wade Road. One of our first priorities will be to install a standalone demonstration facility within the warehouse”.
Hermes Investment Management was represented by locally based Basingstoke agents, Baker Davidson Thomas and Hollis Hockley.
