Acquisition of 11,000 factory premises in Basingstoke
bdt have acquired an 11,000 light industrial/warehouse facility in Rutherford Road on the Daneshill Estate, on behalf of Wicks & Wilson Ltd. The deal necessitated the surrender of the previous tenant’s lease.
Wicks & Wilson have been a world leader in the manufacture of micrographics equipment and microfilm scanners for the past 30 years, and were previously based in Morse Road on the West Ham Estate in Basingstoke. They were acquired by American group, The Crowley Company last year.
Christopher Crowley, President of the group, was quoted in the local Press as saying … “We’re pleased to have found this modern space which will help to increase our efficiencies and provide room for growth”.
An underlease was signed until April 2015 at the passing rent of £73,000 per annum, with an undisclosed rent free incentive. If Wicks & Wilson require occupation beyond April 2015, it is hoped that BDT will be retained to negotiate new lease terms.
– ENDS –
Contact for further information:
Telephone: 01256 840 777