• Strong leasing activity at Farnborough Business Park with over 57,000 sq ft of space secured in the last 12 months.  

   

Frasers Property UK has secured over 57,000 sq ft of lettings at Farnborough Business Park in Hampshire, having welcomed a diverse portfolio of technology, finance and aerospace businesses to the vibrant and thriving community over the last 12 months.

According to data from CBRE, the South East region saw a 5% uplift in office take-up during 2024, with the Thames Valley accounting for more than 77% of office up-take during Q4 totalling 368,100 sq ft.

In June 2024, the park completed one of its biggest new occupier lettings for 29,000 sq ft of office space, which resulted in 110 Pinehurst Square being fully let. Other new occupiers at Farnborough Business Park also include Howden Insurance, ARO, Mondas, AtlasAir and OneCare Platform. They cited the park’s focus on sustainability, impressive office environments and amenities, as well as its strong sense of community as reasons that influenced decisions to make the move. These lettings in Q3 and Q4 of 2024 saw Farnborough Business Park achieve its strongest results of the year.

Thanks to the park’s strong transport infrastructure and its unrivalled and diverse business environment with premium office spaces and state-of-the-art facilities, Farnborough Business Park has attracted international companies such as Lenovo, Zurich Insurance, Fluor, Siemens, Natwest and Syneos Health.

Richard Burke, CEO at ARO said: “Our teams have settled really well into the new office space and the location is ideal for our colleagues, providing a vibrant and spacious workspace on a business park that focuses on employee well-being and sustainability. These two values are incredibly important to us and we’re pleased that we found a new home for our business at Farnborough Business Park that very much aligns with our values.”

Christina Cosgrove, Senior Asset Manager at Frasers Property UK, said: "Farnborough Business Park is a genuine example of carefully designed spaces that enhance daily life and encourage a healthy work-life balance, reflecting the needs of occupiers and their vision for future ways of working. We’re excited to welcome so many new businesses to Farnborough’s vibrant community and we look forward to seeing them thrive.”

Farnborough Business Park is a high-quality business park located in Farnborough, Blackwater Valley that forms part of the asset portfolio of the Singapore-listed Frasers Logistics & Commercial Trust. Spanning 46.5 hectares, the business park comprises 14 commercial buildings, including nine office buildings, two car showrooms, a mixed-use office and industrial building and two cafes. Farnborough Business Park was also the first in the world to achieve a Fitwel 3-star accreditation, in recognition of its commitment to health, well-being and environmental responsibility.

Frasers Property UK supports Frasers Logistics & Commercial Trust in the asset management of Farnborough Business Park.