Fishron Securities, a joint venture between TA Fisher and Lamron Estates, has acquired a business park in Hampshire – along with a new letting for all its space.
Fishron advised by Curchod & Co, acquired 26,000 sq ft Lion Court in Bordon and immediately let it to Richers & Vision, a local business which specialises in refurbishing and reselling customer-returned products.
The space, which had been vacated by German pharmaceutical company Fresenius Kabi, was let on a 10-year lease at an annual rent of £275,000.
John Fisher, of Fishron Securities, said: “Bordon has seen massive inward investment over the last few years and has been transformed into a thriving new community with considerable residential and commercial development.
“This has resulted in pent -up demand for commercial space. Richers & Vision is part of the success story of Bordon and we are delighted to have secured this off market transaction and to have tied up a pre-let concurrently with acquiring the site.”
The move is an expansion for Richers & Vision, one of the world’s leading firms in its field.
Nick Reeve, partner of Farnham-based Curchod & Co, said: “With offices in Dubai and Korea, Richers & Vision is a growing international business that has outgrown its existing facility at Enterprise Park.
“The purchase of Lion Court by Fishron Securities presented the opportunity to negotiate a seamless deal and secure a rapid letting to make the property an income-producing asset rapidly after its purchase.”
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