Abstract Securities is planning the first large speculative office development in Basingstoke, Hampshire, for 15 years.
The scheme, known as the Florence Building, will provide 60,000 sq ft at Basing View in the town centre.
Basingstoke Council will start site enabling works within the next few days and work on the building will at the end of November when the Council’s works are scheduled to complete. Completion is targeted for late 2017.
Mark Glatman, chief executive of Abstract Securities, said: “We have commenced this latest speculative office development in Basing View, working with the team at Basingstoke and Deane Borough Council.”
Basingstoke and Deane Borough Council’s cabinet member for property and development, councillor John Izett, said: “Basingstoke is renewing itself and growing fast. Abstract Securities’ recognition of the opportunities here and decision to invest is evidence of the Borough’s new success.”
Savills and RARE have been jointly appointed to market the Florence Building on behalf of Abstract Securities. Pinsent Mason is acting for Abstract.
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