Mark Glatman's Abstract Securities has announced that its associate company, Abstract (Basingstoke) Limited, has unveiled a new fly-through video that provides a preview of The Florence Building its new ‘uncompromising value’ office building and showcases Basingstoke, a key business destination in the South East.
The Florence Building is a new 60,000 sq.ft. office development and the first new speculative office building in the Town in 15 years. Comprising ground and four upper floors, the building has been designed to offer optimum, virtually column free floor plates from approximately 9,200 sq.ft. to 12,400 sq.ft. Due to complete on 23 July 2018, it will also include 203 under-cover car parking spaces.
Mark Glatman, chief executive of Abstract said: “With works now well underway, we are proud to bring The Florence Building to the market at a time when we are seeing occupiers upgrade their accommodation to the highest specification to attract and retain the best staff. Our development offers 'uncompromising value' and is the first new-build office in the Town in 15 years.
“This video gives a contemporary overview of Basingstoke as a business destination, and all that the Town has to offer, providing sweeping external and interior views to each of The Florence Building’s floor plates.
“The building will deliver a high quality 'Grade A' specification with top environmental credentials targeting a BREEAM 'Excellent' and an EPC ‘A’ rating. A tight design and procurement process will offer occupiers the lowest cost per workstation of any new build office in the South East. For example, the cost per workstation based on an occupancy of 1:8m2 per person in The Florence Building is £3,400 per annum, when compared with £3,700 in Farnborough or £5,000 in Reading. Total occupancy cost in The Florence Building is over 75% lower than the West End core and nearly 30% lower than in Reading.*
“Basingstoke is the third fastest growing and seventh most affluent town in the UK, with access to a significant pool of talent.”*
A prime business location, Basing View offers an unparalleled location to enhance profitability and work life balance. It benefits from Enterprise Zone status with a new £10m landscaped public realm and a dynamic mix of office, retail and leisure amenities for staff. The site is just an eight minute walk to the station (train time - 42 minutes to London, Waterloo) and just a five minute walk to leisure amenities; a Village Hotels with gym, swimming pool, café and meeting/events space will soon join John Lewis Home and Waitrose.
The scheme is designed by TP Bennett and Bowmer & Kirkland is the contractor. Savills and RARE are jointly marketing The Florence Building.
* Source: (Savills and Rare 2017).
Visit www.theflorencebuilding.com for further information on the development and Abstract Securities.
Further information: Pauline@skylarkpublicrelations.com / mobile 07833 490964
Over the past 5 years Abstract has built or has under construction over 1 million sq.ft. of net lettable offices across the UK, together with a major office refurbishment of 250,000 sq.ft. making it one of the country’s largest regional developers. The Group undertakes development as a principal speculatively and for end users. Abstract also acts as a development manager under design and build arrangements and in joint venture partnerships.
Abstract has gained a strong reputation for delivering award winning schemes, including its new range of “uncompromising value” offices. These buildings deliver high specification, Grade A space with top environmental credentials (BREEAM Excellent and EPC ‘A’ rated) with a tight design and procurement process, offering occupiers the best value and cost per workstation of any modern offices in their local market.