48,000 sq ft of lettings at Chineham Park

Three office lettings totalling more than 48,000 sq ft have been completed at Chineham Park in Basingstoke.

Landlord Frasers Property UK, has announced that US security company, HID Global, and cashless parking provider RingGo have both taken 10-year leases for space in the business park’s refurbished flagship Maplewood building while Merlin Entertainment, owner of Legoland Resorts and Chessington World of Adventures, has signed a similar lease at No.1 Elmwood for 18,066 sq ft.

Architect for the refurbishment was Spratley & Partners.

Frasers Property UK chief executive Ilaria del Beato said: “Our vision is to establish thriving business communities across our parks where we provide spaces for people and enterprise to flourish.

“Central to this vision is the creation of high-standard workspaces and maintenance of good quality environments and amenities that are complemented by engaging and well-executed events.

“We continuously explore ways to enhance the accommodation and facilities at our parks. Recently refurbished Maplewood at Chineham Park, for example, is now a workspace for the future that is perfectly equipped to respond to the needs of our new occupiers.”

Jeremy Metcalfe, partner at Hollis Hockley which advised Frasers, said: “Letting 30,000 sq ft to such high calibre tenants is testament to the quality of the refurbished Maplewood. Grade A office supply in Basingstoke is at its lowest point for 15 years, so Maplewood is well positioned to secure further lettings in 2020.”

HID was advised by Cushman & Wakefield, RingGo was advised by CBRE, Merlin Entertainments were advised by Gerald Eve while Frasers Property UK was advised by Hollis Hockley and BNP Paribas Real Estate.