Basingstoke: The Loddon Centre close to full occupation
Hermes Investment Management, the £24.1 billion manager – focused on delivering superior, sustainable, risk-adjusted returns to its clients – has announced a further letting to Videlio Media at The Loddon Centre (TLC) industrial park in Basingstoke.
The latest in a run of deals on the estate has seen Videlio sign up to a new 10-year term with a five-year break option, paying £7.00 per sq ft for a unit of 11,130 sq ft.
Videlio Media is an organisation specialising in the design and implementation of master control broadcast rooms, studio systems, outside broadcast vehicles, satellite uplinks and facilities for streaming media. Its UK premises will be relocating from Alton.
Stephen Ellis of Hermes Investment Management commented: “Videlio Media will prove a welcome addition to The Loddon Centre, which is almost fully-let. The company recognised the attributes offered by repositioning themselves closer to the M3 and the improved connectively that comes with such a move. Our investment in the Centre to refurbish our industrial units has also made it a more attractive proposition to the occupier market.”
There are two remaining refurbished units on the estate – one that is under offer on a subject-to-planning basis and the remaining unit comprising 17,820 sq ft, which is marketed at a rent of £7.25 per sq ft.
Hermes Investment Management was represented by BDT incorporating Woodford & Co and Hollis Hockley, while Videlio Media management represented itself.
