A MAJOR investment is planned for a Basing View office building.

Quantum House has been sold to Arena Business Centres, a serviced office provider with a portfolio of nine other centres across Dorset, Hampshire and Surrey.

Arena intend to make major investment into the 37,580 sq ft (3,492 sq m) building with an extensive programme of refurbishment, which is set to include the construction of a new reception and business lounge area.

Premium office suites will also be created as part of the refurbishment scheme, with each of the five floors providing approximately 7,500 sq ft of office space.

A range of office suites will be available on each floor.

Arena already has a presence in the Basing View area, with sister centre The Square.

The property is held on a long leasehold interest from Basingstoke and Deane Borough Council, expiring in December 2101 and subject to a fixed peppercorn rent.

The price paid by Arena was just in excess of £1.5m.