Smeg UK has bought the long leasehold interest in a 43,000 sq ft office building on Abingdon Business Park, in the largest office transaction on the Oxfordshire A34 corridor in 2014.
The quoting rent for the space was £4.2m and Smeg signed for slightly under this figure.
The business park comprises 440,000 sq ft of mixed office and industrial warehouse space. Major occupiers include Kerry Ingredients, GE Medical Systems and Schlumberger.
Mike Giddings, managing director, Smeg UK, said: “We’re delighted to have secured a fantastic new head office building to support the brand’s ongoing expansion in the UK. Akin to Abingdon, Smeg has a wealth of history and heritage, and as a local employer and family-run business, we’re keen to continue to develop links with the Abingdon community.
“The new purposely developed building will be an inspirational setting, a space epitomising the company’s values at the forefront of technology, style and design.”
Lambert Smith Hampton acted for Smeg UK. Savills and VSL & Partners advised the landlord.
