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Honeywell occupy Hatch Pond House, a mixed use, light industrial and office development in Poole. The property consists of 5 inter connecting blocks and a total of 100,000 sq ft, built in two phases in the late 1980s and early 1990s.
With an approaching lease expiry and longer term strategy for Honeywell’s operations in mind we were able to agree terms for a reversionary lease. Our in-depth understanding of the nature of the property and the industrial and offices markets enabled us to negotiate the best terms possible for the client.
The new lease provided Honeywell with an option to break, meeting their occupational requirements alongside a reduction in rent from completion and significant rent free periods both upfront and following the break.
Contact Simon Naylor in Industrial Lease Advisory for further information.