Equity Estates are pleased to announce further take up within the Prisma Park development in Wade Road, Basingstoke.
Composite Metal Technologies Limited (CMT), an advanced materials technology company that produces innovative casting machinery for the manufacture of aluminium matrix composites, have leased a further 900 sq ft of office space, expanding into the whole of Unit 3 at an annual rent of £14.70 per sq ft. CMT continue to expand at Prisma Park, and have also increased their factory space on the Park to 5,000 sq ft.
Unit 4, of 2,100 sq ft has been sold freehold to another local company, who join a growing band of “high tech” businesses at Prisma Park. The price achieved has not been revealed by the parties, but quoting terms are based on capital values of £140 per sq ft.
As a consequence, there is now only one self contained office of 2,500 sq ft available and three single self contained floors of approximately 1,000 sq ft. Both freehold and leasehold enquiries will be considered.
Details of available space and a virtual tour can be found on the website, www.prismapark.co.uk, or from the retained agents, London Clancy and Baker Davidson Thomas who can provide additional information.
Helen Rankin from Equity Estates commented:
“The latest deals at Prisma are very pleasing. Our agents advise us that are no new freehold office units between 1,000 to 2,500 sq ft available elsewhere in the town. We are therefore well positioned to capture this sector of the market and the recent activity on site reflects this position. An innovative, creative hub is forming at the Park and we believe it is an exciting place to be”.