Hermes secures further letting at The Loddon Centre in Basingstoke

Hermes Real Estate is now reporting a fourth letting at The Loddon Centre in Basingstoke following its remarketing as “TLC” a year ago.

Deals were reported throughout 2014 to Testbourne Ltd, Cotton Graphics Ltd and VPG Ltd, and have now been followed with a letting to Anglian Windows Ltd. A rent of £7.00 per sq ft was achieved.

The national home improvements firm has leased Unit G, comprising 11,544 sq ft, by way of a 10 year lease. They are relocating their local branch from the nearby Kingsland Business Park.

“TLC” occupies an established industrial/warehouse location in Wade Road to the east of the town, only 1.6 miles from junction 6 on the M3 motorway. The scheme totals 113,000 sq ft and Hermes Real Estate appointed Baker Davidson Thomas and Hollis Hockley last year to manage new lettings at the site.

Stephen Ellis, Asset Manager, Hermes Real Estate, said:  “It is positive to see early letting activity at Loddon, a direct reflection of the occupier-led leasing policy that we have adopted. Our investment in the Centre has also made it a more attractive proposition to the local tenant market.”

The joint agents, BDT and Hollis Hockley, are continuing to promote other units from 11,130 sq ft up to 36,300 sq ft and report ongoing interest in the strong local market.