Technology company Lenovo has taken 20,000 sq ft at Frasers Logistics & Commercial Trust’s (FLCT) Farnborough Business Park.
The electronics and software manufacturer has moved from Chineham Park which is owned by another part of the Frasers Property Group, Frasers Property UK.
The new head offices in a Norman Foster-designed building in Templer Avenue have been fitted out in conjunction with the landlord to try to improve the space for the firm’s growing workforce.
Stephen Higgins, Lenovo director of real estate, said: “Beyond the commercial considerations of a lease negotiation there are many factors to assess when it comes to selecting a property to meet our future business needs.
“As an existing tenant of Frasers Property, the relationship with the landlord is vitally important to me and our real estate partners at JLL.
“We have been together for many years and I have always found the team there most professional, capable, and creative; able to deliver the right solutions for us over that time.
“Against the backdrop of the unknowns coming out of the pandemic, what has impressed me most about Farnborough Business Park is Frasers Property’s commitment and ongoing investment in sustainability to achieve net carbon zero for 2030, which aligns perfectly with Lenovo’s own science-based targets settings.”
The park has Green Flag accreditation and is the world’s first to gain a three-star ranking on the FITWEL system for wellbeing.
Mr Higgins added: “Our move represents an exciting next step for Lenovo as we further develop our UK operations. We wanted a location that would provide a smarter workplace for all and a space for creativity within our team, and a fantastic fit out from (workplace fit out provider) Area, delivering Lenovo technology gives us a sense of purpose and belonging.”
Christina Cosgrove, asset manager for Frasers Property UK, said: “It’s fantastic to welcome Lenovo to the Norman Foster building at Farnborough Business Park.
“The first-class office space has access to exemplary facilities and strong transport connections. We’re looking forward to welcoming the Lenovo team to join our community and experience our busy event calendar, including charity events, outdoor exercise classes, and many food and drink pop-ups.”
Frasers Property UK was represented by Hollis Hockley and CBRE. Lenovo was represented by JLL.
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive our weekly free journal, The Forum here.
