Acting on behalf of Greenhills, we have completed the largest office deal on the South Coast for 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 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.
Consolidation of multiple Hampshire sites
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.
Occupation planned for April 2011
The quoting rent of £18.25 was agreed, on a new 10 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.”
Showcase of modern working practices
Graham Holland, Head of our South Coast 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.”
Premier out of town office campus
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.