13 Feb 2024
Frasers Property UK has secured Zurich Insurance for a new 6,000 sq. ft. 10-year lease at Farnborough Business Park, Hampshire.
The company, which insures local authorities, housing associations, charities and voluntary organisations, and the education sector, will be relocating its Zurich Municipal team from Geneva House in Farnborough. They are joined by colleagues from Claims, and the Customer Office, along with IT and Finance teams. The latter will be in great company at Farnborough Business Park, which has also recently seen leading technology company Lenovo take up residence.
Amy Brettell, Managing Director, Zurich Municipal, Zurich Insurance, said: “We are delighted to move into our new Farnborough office space. Sustainability is such an important focus of our business, as it is for our customers, and so we wanted to find an office that supported our commitments. The office is BREEAM certified and provides some fantastic facilities to help our team make sustainable choices when commuting to work, including electric vehicle charging points, bike racks and bikes for hire.“
James Nicholson, Chief Claims Officer, Zurich Insurance UK, said: “We’re really excited to offer our staff an attractive place of work that fits with hybrid-working patterns. Break-out areas, a café and outdoor space give people the opportunity to collaborate as a team or focus independently when they need to. Zurich Insurance has had a strong and longstanding presence in Farnborough for many years and we’re excited to continue the next chapter in our new office.”
Christina Cosgrove, Senior Asset Manager at Frasers Property UK, said: “We know that the built environment plays an integral role in helping our occupiers create communities, social cohesion, wellness and more inclusive spaces for their staff. We are delighted to welcome a renowned, household name like Zurich Insurance to Farnborough Business Park; an estate that champions a rich, sustainable environment for all its occupiers. We look forward to building on our partnership with Zurich to develop a new environment where all their staff can work and thrive.”
Farnborough Business Park forms part of the asset portfolio of Frasers Logistics & Commercial Trust, and is a high-quality business park located in Farnborough, Blackwater Valley. 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. Frasers Property UK, which supports Frasers Logistics & Commercial Trust in the asset management of Farnborough Business Park, was represented by Hollis Hockley and CBRE. Zurich Insurance was represented by JLL.