COVID-19 Update
Here at Farnborough Business Park, we aim to keep business moving forward during this difficult time and remain fully committed to providing an ongoing service to clients across all areas of our business. We will be reviewing and monitoring developments continuously, and finding new ways to collaborate with our colleagues and customers across the globe.

As we aim to adapt to working in both this very disruptive and fast changing time, our main priority is the safety and well-being of all our occupiers, staff and their families. From last week, we introduced strict measures in line with UK government advice and introduced new hygiene, social distancing and pre-meeting screening protocols in all our workplaces as well as finding new ways to operate remotely. The facilities management teams are working shift patterns in between the office and home. They are still fully contactable on all the usual phone numbers:

Finally we would like to express our sympathies to everyone who has been affected and continues to be affected by the COVID-19 virus. We would also like to show our support to the key workers including doctors, nurses and teachers who are working tirelessly across the country.
Anchor tenant secured at Pinehurst development on Farnborough Business Park

Harbert Management Corporation (‘HMC’) & XLB have secured Time Inc. UK, Britain’s leading publisher of print and digital magazine content as its first key tenant at Pinehurst, Farnborough Business Park.

Time Inc. UK has acquired 30,000 sq ft at Pinehurst II, the new speculative office development at the heart of the Park, on a 10 year lease. Time Inc. UK will relocate employees from its specialist brands, including iconic titles such as Horse & Hound and Country Life, from Central London. It was attracted by the Business Park’s environment, amenity offer and connectivity by both rail and road. This transaction represents the largest letting in Farnborough for five years.

Matt Willcock, Director at CBRE commented “With vacancy levels reducing from 24% to 0% within two years of HMC purchasing the Park, it was clear that speculative development would sit well in the marketplace. To secure a substantial tenant like Time Inc. UK within two months of reaching practical completion of the development, where prime rents have grown considerably, justifies their decision. We are confident more success will follow shortly.”

Up to 78,000 sq ft of Grade A accommodation remains across Pinehurst I and II, from a single floor of 11,600 sq ft up to a whole building of 48,829 sq ft in Pinehurst I. The quoting rent is £27.50 per sq ft.

CBRE, Hollis Hockley and DTRE represented Harbert Management Corporation/XLB.

Cushman & Wakefield represented Time Inc.UK