FRENSHAM HOUSE, FARNHAM BUSINESS PARK – FARNHAM OFFICE MARKET STILL STRONG

Store Property Investments Limited have let the ground floor of Frensham House comprising 3,264 sq ft (303 sq m) to Areva T&D (UK) Limited for 5 years, at a rent of £21.00 psf. Areva specialise in the transmission and distribution of energy, and will surrender their leasehold interest in Tilford House, also on Farnham Business Park.

The remaining space comprising 3,626 sq ft (337 sq m) within the fully refurbished air-conditioned office building is available for immediate occupation to include 23 car parking spaces.

Farnham Business Park offers a landscaped office environment within walking distance of the town centre and main line rail station.

Sarah Wickens of Store Property Investments commented “We are delighted to have secured the letting to Areva, and we are intent on undertaking a comprehensive refurbishment of Tilford House, comprising 9,164 sq ft two-storey air-conditioned offices, scheduled for completion in Autumn 2008”.

“The Farnham office market benefits from a skilled workforce and high quality local amenities, good rail and road communications, and despite the current economic climate demand for good quality office space remains strong with limited opportunities in the town.”

Wadham & Isherwood and Hollis Hockley acted on behalf of Store Property Investments Limited and are retained in respect of the letting of Frensham House and Tilford House, while Areva were represented by Matthews & Goodman.

Please contact Chris Lock or Nick Reeve from Wadham & Isherwood (01252 710822) for further information on the available office accommodation, or visit www.farnhambusinesspark.com