A GRADE II listed building that is one of the most iconic in Basingstoke has been purchased as part of a £236 million acquisition.

Mountbatten House in Basing View, known as the ‘hanging gardens of Basingstoke’, has been purchased by an asset manager on behalf of office specialist Regional REIT.

The building, which has played host to several film crews in recent months, was one of 31 properties acquired by London and Scottish Property Investment Management, as well as Cromwell Place in Hampshire International Business Park.

Stephen Inglis, CEO of LSPIM, said: “This deal is a major milestone for us in terms of its scale, and sourcing it is testament to the strength of our network.

“Our asset management platform is based on a multi-disciplinary team of 62 professionals working across a range of disciplines including asset and property management, financial management, research, legal, corporate and corporate finance. Through the combined skills of our in-house team, we expect to achieve significant returns in terms of income growth and ongoing asset management initiatives.”

Previously, the five-storey Mountbatten House was bought for £2 million by Squarestone Growth in 2019, with a full-scale refurbishment promised.

Mountbatten House, previously known as Gateway House, was developed by Arup Associates between 1974 and 1976 for the paper manufacturer and merchants, Wiggins Teape, to become its new UK headquarters.

Mountbatten House was awarded listed status in 2015 on the grounds of its rarity in being an interesting and innovative late-1970s example of a commercial office landscaping.

The building has also received a number of accolades including a RIBA Southern Region Award, a Business & Industry Award and a Civic Trust Award Commendation. Recently it has become a filming destination, with several crews descending on Basing View, including Bristol Television and Film Services which are currently set up there.

Amazon Prime film Citadel has also filmed in town.