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Hitachi Transport System make Kingsland commitment

27 February 2013

Hollis Hockley advising SEGRO, Europe's leading developer and owner of industrial space, have arranged the letting of 36,022 sq ft of production/warehouse space at its Kingsland Business Park in Basingstoke to Hitachi Transport System (Europe).

The company, which is part of the global Hitachi Group, provides warehousing and logistics services for business customers across the UK and Europe. Hitachi Transport System has taken Units 14-17 Bilton Road on a ten-year lease.

SEGRO was able to move quickly to meet Hitachi Transport System's tight timescale, including the completion of refurbishment work to the units.  

Dai Enoeda, Senior Manager at Hitachi Transport System (Europe)'s UK office, said the decision to move the company's Basingstoke operation to Kingsland Business Park, reflected the attractions of the unit's size, quality and location.

Chris Davies, leasing manager at SEGRO adds:  "Our ability to move quickly to provide suitable accommodation and agree terms within a short space of time was instrumental in securing this significant letting. The units had only just become available, so we are delighted to have been able to re-let the space almost immediately and to have been able to provide the right premises to meet Hitachi Transport System's needs."

The Kingsland Business Park is an established industrial/warehouse location with easy access to the M3 motorway and Basingstoke town centre. A range of industrial/warehouse units are available from 4,198 sq ft with additional bespoke design and build opportunities for warehouse, distribution and production uses up to 45,640 sq ft.

 

Nick Olliffe, partner at Hollis Hockley comments: "This was a case of a "meeting of the minds" the Hitachi Transport System directors were in a position to move swiftly in making a commitment and similarly SEGRO has delivered on a refurbishment within a tight timetable to make this happen. It's a classic "win win" for both parties, and a pleasure putting this transaction together".

 

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