Patriza has welcomed new occupier Bibby Financial Services at Forest View; Bibby is the UK’s leading independent invoice finance specialist and has agreed to lease 5,000 sq ft within the Grade A building. Digital drawing and writing solutions provider Anoto, an existing occupier within the park, has also signed up to take 5,500 sq ft within the same building to accommodate its expansion. Both tenants will occupy the space on 10 year leases at rents equating to £20 per sq ft, representing a new prime rent for Basingstoke.

InteliSecure, a US provider of critical asset protection, is another new arrival at Chineham Park and will occupy 6,700 sq ft at 1 Lindenwood; they have agreed a rent equating to £18.00 per sq ft on a 10 year lease.

Since its acquisition of Chineham Park in December 2014 Patrizia has completed over 240,000 sq ft of new transactions as part of its asset management strategy. It is also undertaking the speculative refurbishment of Chineham Gate, which will deliver 48,500 sq ft of new Grade A office space. The works are due to complete January 2017.

Rupert Batho of Patrizia, said: “Chineham Park continues to attract both new tenants and accommodate the expansion requirements of our existing occupiers. It is this capacity to provide a full range of occupier solutions that is central to its continued success. Investing in the delivery of new, high quality space at the park, with the refurbishment of Chineham Gate, is the next stage of our strategy to ensure that Chineham Park retains its place as one of the south east’s principal commercial locations that can meet the all of the requirements of modern occupiers.”

Jeremy Metcalfe from Strutt & Parker’s national markets office agency team, leasing agents at Chineham Park, said: “Rents across the south east office market have continued to rise steadily and the new benchmark set by Patrizia at Chineham Park of £20 per sq ft demonstrates the value occupier’s ascribe to the best in class space. We anticipate that the delivery of Chineham Gate will facilitate further rental growth for Basingstoke”

Strutt & Parker and Hollis Hockley acted on behalf of Patrizia. Fairweathers represented Bibby Financial Services. Anoto and InteliSecure were unrepresented