A further letting of prime office space has been announced in the Renaissance development on Basing View, Basingstoke.

The Emerald Group have signed for the 2nd floor of 7,700 sq ft (715 sq m) in Building 2200, taking a new 10 year lease with a 5 year break option, at a commencing rent of £17.50 per sq ft.

Richard Thomas of agents Baker Davidson Thomas, who along with Strutt & Parker advised the landlord, ING Real Estate Investment Management, in the transaction, confirmed that this was the second letting in the building in 5 months, “bucking the trend to some extent”. PRN Services were reported as having leased space on the first floor in the same building in August 2007.

The Emerald Group is a leading Executive Search Firm specialising in the Financial Services Market. Their niche sectors include Actuarial, Investment Banking, Asset Management, Hedge Funds, Life & Pensions and FX. As a result of their relocation from Worthy House in Winchester Road they will double in size.

In a separate transaction, their freehold interest in this property has been sold by Baker Davidson Thomas to Scottish & Southern Energy plc. The building was sold within 2 months of coming to the market.