Data Integration leverage strong terms for office space at Network House, Basing View, Basingstoke

18 February 2010

Advised by Hollis Hockley LLP, Data Integration Ltd, a privately owned provider of tailor made networks and network management services, has acquired 6,300 sq ft of office space on a new lease at Network House on Basing View in Basingstoke.  Data Integration will move their staff from their Putney location over the forthcoming months as they grow the business, servicing major clients in both public and private sectors.

Key clients of the business include The Royal Botanic Gardens Kew, University of Reading, Westland, Eton College and the University of Exeter.

Nick Olliffe, the Hollis Hockley advising partner commented … "The exact details of the transaction are confidential, however, the terms we agreed on DI's behalf were very attractive, and demonstrate some of the opportunities presently available in an oversupplied office market for prospective tenants."

He added …"This transaction was the final notable occupation lease deal of 2009 and brought to a close a tough year for the Basingstoke and North Hampshire commercial property market, albeit the second half was significantly more active than the first two quarters.  We are anticipating an incremental improvement in leasing activity as companies return to a more normalised level of trading during the course of 2010, and we certainly welcome that."