Vishay Expand Warehouse Operations
One of the World’s largest manufacturers and developers of products in the strain and stress measurement industry has doubled in size on Hermes Real Estate’s “The Loddon Centre” (TLC) estate in Wade Road, Basingstoke.
VPG has acquired Unit H, comprising 10,510 of warehousing space. Together with their offices on the nearby Cartel Business Centre, VPG will adopt the warehouse premises as their European Distribution Centre.
Various units on the TLC estate are being re-marketed by bdt and joint agents Hollis Hockley. The transaction with VPG is the second in 3 months and involves a new 6 year lease term at a rent of £6.75 per , underpinning existing rental values on the estate.
The recent rebrand of the TLC estate has made it a more attractive prospect for potential tenants, with recent lettings a testament to this. The scheme and its location have served VPG well for 10 years, so expansion was a straightforward decision once a suitable unit became available.
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