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.

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About Frasers Property UK 

Frasers Property UK is the UK subsidiary of SGX-listed Frasers Property Limited (together with its subsidiaries, the “Group”). The Group is a multinational company that owns, develops, and manages a diverse and integrated property portfolio with total assets of approximately S$40.1 billion as at 31 March 2024.

Frasers Property UK is a fully integrated developer, investor and asset manager of residential and commercial property in the UK.  The commercial portfolio includes 5.8 million square feet of office and industrial business space in strategic UK-wide locations, home to over 450 companies.  The development portfolio includes Riverside Quarter, Wandsworth a development of 751 homes overlooking the River Thames.  Frasers Property UK is a member of the Better Buildings Partnership and is committed to achieving carbon net zero across its operations.

For more information on Frasers Property UK, please visit frasersproperty.com/uk or follow us on LinkedIn.

About Frasers Property Limited

Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$39.6 billion as at 30 September 2024.

Frasers Property’s multinational businesses operate across five asset classes, namely, commercial & business parks, hospitality, industrial & logistics, residential and retail. The Group has businesses in Southeast Asia, Australia, the EU, the UK and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries across Asia, Australia, Europe, the Middle East and Africa.

Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.

The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture.

For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.