Company Timeline

1994

Xyratex formed.

1997

Xyratex owned 500,000ft2 facility with one major tenant & no strategy to deal with the vacant space (costing Xyratex £2m p/a).

 

Property Division developed to actively manage Langstone Technology Park infrastructure and FM contracts.

1999

Xyratex sought advice from a traditional property company that recommended selling / demolishing the site.

2000

Formation of separate property company – Havant International Limited which purchased the site for £18m & new concept of multi-tenanted site was born.

2004

£15m was invested in flagship site, Langstone Technology Park and the site was declared at full occupancy.

2005

Havant International renamed 'Fasset Ltd'.

 

Fasset started a relationship with Ordnance Survey and became their Managing Agent for two buildings.

2006

Langstone Technology Park is sold for £54.2m

2007

Fasset undertook consultancy for BAE systems and set up a successful systems technology park.

 

Air Products had a facility in Surrey for sale. Fasset explained a new direction that solved a number of problems. Hersham Technology Park was formed and 55,000ft2 was transformed and offered to prospective tenants.

2009

Fasset became Facilities Manager of the 170,000ft2 Caswell Science & Technology Park in Northampton.

2010

Fasset achieved average occupancy levels of 91% across all sites.

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