Hermes Investment Management, the £36 billion fund manager, has officially announced that specialist pensions administrator, Trafalgar House, will be taking 5,548 sq ft of space at Ascent 4 within the Farnborough Aerospace Centre.
Located on the second floor of this extensively refurbished 60,000 sq ft building, and accommodating up to 65 people, Ascent 4 will be the second office for Trafalgar House and will be used as a base for future growth.
Designed by Hale Architects, Ascent 4 features contemporary office accommodation with flexible floor plates which can respond to changing requirements, ensuring adaptable layouts in line with guidelines for the return to office following the COVID19 pandemic, and the Trafalgar House planned opening in September. The space also features a spacious reception area on the ground floor, and benefits from an Ascent led community engagement calendar with food trucks, pop-up stores, health and wellbeing activities, seasonal fairs and charitable events.
Stephen Ellis, Asset Manager, Hermes Investment Management, said: “The signing of Trafalgar House highlights there is a demand and obvious need for flexible office space despite the current COVID19 crisis. We need to look to at investing in our future and also long term solutions, so we are pleased Trafalgar House has chosen to do this with Ascent. We are proud to be a part of their growth, and welcome them to the business park and all it has to offer.”
Garry Wake, Managing Director, said: “Last year our revenues increased by 38% and we continue to see strong demand from a market that is recognising the benefits of quality pensions administration. Because of our heritage as an in-house administrator and our focus on member care, we have gained an enormous amount of experience with pension schemes outsourcing for the first time; we see demand and the trend to outsource in this space continuing, especially in light of the operational pressures COVID19 has placed on in-house teams. The Farnborough office will give us the platform and space we need to continue to carefully grow the business, with new clients that are already outsourced, and those looking to do so for the first time. Now is the right time to launch our second office.”