Global technology company Lenovo has signed for a 20,000 sq ft headquarters building at Frasers Logistics & Commercial Trust’s (FLCT) Farnborough Business Park.
Lenovo is relocating from its current home at Chineham Park, which is owned by Frasers Property UK and along with FLCT is part of Frasers Property Group.
The move has been made to bring the office closer to employees, to facilitate the company’s growing workforce and to improve the workspace for all of Lenovo’s teams.
Stephen Higgins, director of Real Estate at Lenovo, said: “Beyond the commercial considerations of a lease negotiation there are many factors to assess when it comes to selecting a property to meet our future business needs. As an existing tenant of Frasers Property, the relationship with the landlord is vitally important to me and our RE partners at JLL. We have been together for many years, both as Lenovo and as Motorola, and I have always found the team there most professional, capable, and creative; able to deliver the right solutions for us over that time.
“Against the backdrop of the unknowns coming out of the pandemic, what has impressed me most about Farnborough Business Park is Frasers Property’s commitment and ongoing investment in sustainability to achieve net carbon zero for 2030, which aligns perfectly with Lenovo’s own science-based targets settings.
“The park is recognised as one of the best in the UK for green spaces, with Green Flag accreditation, and is the first park with FITWEL 3 stars in the world. With most of the portfolio achieving BREEAM status, the sympathetic repurpose of unique listed industrial buildings, and over 100 years of aviation innovations, plus a Norman Foster building overlooking the airport runways, Farnborough Business Park is just a ‘wow’ location.
“Our move represents an exciting next step for Lenovo as we further develop our UK operations. We wanted a location that would provide a smarter workplace for all and a space for creativity within our team, and a fantastic fit out from AREA delivering Lenovo technology gives us a sense of purpose and belonging.”
Christina Cosgrove, asset manager at Frasers Property UK, added: “It’s fantastic to welcome Lenovo to the Norman Foster building at Farnborough Business Park. The first-class office space has access to exemplary facilities and strong transport connections. We’re looking forward to welcoming the Lenovo team to join our community and experience our busy event calendar, including charity events, outdoor exercise classes, and many food and drink pop-ups.”
Lenovo was represented by JLL. Frasers Property UK was represented by Hollis Hockley and CBRE.
