Cobham PLC signs for Fusion offices
24 Febuary 2011
Acting on behalf of Greenhills, the South Coast team of national commercial property consultancy, Lambert Smith Hampton (LSH), has completed the largest office deal in the region in 18 months.
Cobham plc is an international company engaged in the development, delivery and support of leading edge aerospace and defence technology and systems. The Solent facility will house a number of the Group’s existing surveillance businesses currently situated on three smaller sites, which will close. These sites are Hartley Wintney, Segensworth and Waterlooville, all in Hampshire.
As a world-leader in its field, Cobham provides products and integrated surveillance solutions for law enforcement and public safety, counter-terrorism and intelligence, border surveillance, military & force protection, critical infrastructure protection, unmanned systems and broadcast applications. The company has signed for Fusion 2, a 43,000 sq ft office building within Greenhills’ 150,000 sq ft Fusion development at Solent Business Park, Southampton.
The quoting rent of £18.25 was agreed, on a new ten year lease. A complete fit-out of the brand new space is currently underway, with Cobham due to take occupation from April 2011.
Paul McCarter, General Manager – Surveillance, Cobham Tactical Communications & Surveillance, said: “The Fusion site was chosen for its modern, open plan environment which is designed to the latest environmental standards. Integrating our sites will help to strengthen, standardise and streamline our operations enabling us to focus even more on the customer and help secure a world-class reputation for our performance as well as our technology. The site will become a showcase for cutting edge integrated surveillance solutions, receiving significant investment in world class systems, infrastructure and training.”
Steve Williams, Associate Director within LSH’s South Coast Office Agency team, added: “Within Cobham’s international operations, Fusion will be a showcase of its modern working practices and collaborative office space. Furthermore, as we are finding with all large occupiers, the ‘green agenda’ has played a major role in Cobham’s decision to relocate to the Fusion scheme. Matching Cobham’s wishlist to Fusion (a scheme renowned for its energy efficiency credentials) together with Greenhills’ hands-on ability to deliver completion of both the Cat A and Cat B fit out works ultimately drove the deal.”
He added: “Solent Business Park is widely recognised as Hampshire’s premier out of town office campus, Fusion located at the head of the Park now boasts an array of major corporate occupiers with negotiations taking place with others. Only 50,000 sq ft remains available, which in the current economic climate is testament to the quality of the scheme.”
Image shows: Aerial view of the Fusion scheme
Image copyright: Lambert Smith Hampton
For further information:
Contact: Laura Scott (Lambert Smith Hampton)
Telephone: 07841 684899
Email address:lscott@lsh.co.uk
Twitter: @laurascott1
