We have acquired new global headquarters for Uninterruptible Power Supplies Limited (UPS Ltd) in Hook, Hampshire.
UPS Ltd is to move to Woodgate on the Bartley Wood business park near Hook, where it has purchased the 23,600 sq ft, fully refurbished office building.
Global occupier to move from Aldermaston
UPS Ltd is a leading provider of power protection product and service solutions including UPS, standby diesel generators, battery banks, switchgear, power conditioning equipment, software and ancillaries.
The company is a division within the Kohler Co.’s Global Power Group, which acquired UPS Ltd in 2008. The Kohler Company owns many other global brands, including Kohler Mira.
Established business park off M3
Bartley Wood is a well-established and successful business park totalling 43 acres, close to junction 5 of the M3. The park has already attracted a number of major occupiers including Virgin Media, EDS, Lenovo, Serco, BMW and First Drinks. UPS Ltd is expected to take occupation of its new HQ in July.
UPS Ltd will relocate staff from its current offices at Calleva Park, Aldermaston. The vendor in the transaction was Wirral Borough Council, acting as Administrating Authority for Merseyside Pension Fund. The vendor was represented by CBRE and Hollis Hockley,
Property purchase bucks the occupier trend
Tom Fletcher, Associate Director in our Thames Valley team, commented: “In a difficult economic climate, it is encouraging to see a business like UPS Ltd bucking the trend. The company has proactively acquired new offices to support strategic growth and advancement, rather than just reacting to a lease event. UPS Ltd owns its existing premises at Calleva Park so will be looking to dispose of these in due course.”
Emma Lockey at CBRE added: “This is the second significant office deal in Hook this year, following on from Alphabet, a subsidiary of BMW, acquiring 33,228 sq ft also on Bartley Wood Business Park. UPS Ltd was attracted to Woodgate because it had been refurbished to a high standard, satisfying the company’s needs for a modern workplace on a successful and highly accessible business park.”
Number of corporate acquisitions in last nine months
Our Thames Valley team has completed four significant corporate office acquisitions - totalling 145,000 sq ft - in the wider M3 office market in the last nine months, signalling a vote of confidence for the region.