Further lettings and a prospective sale are reportedly in the pipeline at the Prisma Park development in Wade Road, Basingstoke.

Agents, Baker Davidson Thomas and London Clancy advise that another industrial unit of 2,410 sq ft has been let recently. Composite Metal Technologies plc have signed a lease for Unit C within the past couple of weeks, together with 900 sq ft of offices in one of the office buildings on the same development.

In a move from Cody Technology Park in Farnborough, CMT have also secured an option to buy the freehold interest in the two units in question. The organisation is an advanced materials technology company, involved in the research and production of machinery for the manufacture of aluminium matrix composites. These advanced composite materials offer significant weight and performance benefits over conventional un-reinforced materials, such as steel and alloys. CMT’s products are particularly associated with automotive, defence and aerospace applications.

CMT will join Homeserve Emergency Services as tenants on Prisma Four, the industrial/warehouse element of the Prisma scheme. Two other remaining warehouse units are reported as being under offer, one on a leasehold basis, the other by way of an outright freehold sale.

The agents also report “agreed terms” for one of the office buildings, but cannot release further details at this stage.

Richard Thomas at BDT commented;

it is pleasing to see this excellent scheme generating occupier interest. Equity Estates and their financial backers have adopted a highly realistic and flexible approach to discussions with prospective occupiers, and this strategy is now achieving results.

For further information on the remaining units in the Prisma Park scheme, either Baker Davidson Thomas or London Clancy can be contacted locally in Basingstoke.