May 1, 2013
NACCO Materials HandlingLtd (“NMHG”)has taken a 15-year lease on Buildings 4.5 & 4.6 at Frimley4 Business Park, for its new Europe, Middle East and Africa(“EMEA”) headquarters. The units, which are to be combined to provide NMHG with 17,050 sqft of offices and 10,000 sqft of industrial, research and development accommodation, will bring its EMEA HQ and its UK Engineering Concept Centre together under the same roof for the first time.
The owners of Frimley4 Business Park, which covers 5.4 ha (13.4 acres), have committed to early surrenders of the two existing leases on 4.5 and 4.6 and are undertakinga major reconfiguration and refurbishment of the buildings to convert them into one.
Natasha Morris at Investream comments, “Since acquiring Frimley4 Business Park, we have undertaken significant re-masterplanning and landscaping. We have enhanced the amenity space, created interesting vistas and installed a Moongate sculpture, which makes a real impactat the entrance to the Park. This is our first new letting since these improvements and we were delighted to be able to accommodate NMHG's requirements.”
Mark Trivett, Vice President, Finance EMEA at NMHG comments, “The new premises at Frimley4 Business Park will enable us to relocate our European Headquarters and Engineering Concept Centre into one central location. This will allow NMHG to create a contemporary, modern work environment whilst providing facilities to showcase our products to our dealers and customers.We have been delighted with the speed at which Investream has responded to our requirements to date, and with the facilities, access and environment at Frimley4 Business Park.”
David Bowen of Vail Williams, who represented Investream comments, “NMHGhad been looking for a new HQ for some time and Frimley4 Business Park provides them with an ideallocation.Investream has the capability to be flexible and creative and we have been able to convert existing buildings to provide a bespoke solution.”
There are several refurbished office buildings currently and shortly available at Frimley4 Business Park:
- Building 4.4 – 22,519 sqft of modern, grade A office accommodation with 98 car parking spaces.
- Building 4.3 – flexible office suites of between 2,000 and 14,275 sqft, with the benefits of an onsite gym, café and Wi-Fi zone.
- Building 4.2 – 35,143 sqft Scott Brownrigg designed office development, which has been partially developed and is available as a pre-let within circa 9 months.
DB Real Estate advised outgoing tenants Infor and Anarenon their lease surrenders. NACCO Materials Handling Limited was advised by London Clancy and Investream by Vail Williams.