Harbert and XLB have submitted plans to speculatively develop two office blocks of 60,000 sq.ft. and 48,000 sq.ft. at Farnborough Business Park (pictured). Construction is scheduled to begin early next year.
The pair said the decision was prompted by increased occupier interest in both the Park and the wider M3 market.
Detailed consent for a new masterplan at the Park was obtained in August and will allow for the provision of up to 261,000 sq.ft. of Grade A office space.
Harbert and XLB bought the Park in April 2012 for £90.1M.
Source – Property Week 11th October 2013