A company's relocation in Farnborough has cleared the way for possible flats to be built in on its former HQ.
Thomson Local, which promotes businesses around the country, has moved to 25 Templer Avenue, a shared building in Farnborough Business Park.
It previously owned its former building, Thomson House in Farnborough Road near the Ham and Blackbird public house.
The sale of the building and relocation were due to the company entering into administration last August, a development that cost 170 employees, many of whom lived in the Farnborough area, their jobs.
Some employees complained they were asked to drive from all over the country to Farnborough to be told they were being made redundant and have their company cars taken away.
The company was purchased by Corporate Media Partners and business development manager Martin Lambing said the ship had since been steadied following a restructuring programme.
He said: "Things have been going well. Obviously during administration it's always a difficult time and unfortunately not everybody was taken over by the new owners, but since that time the company has managed to implement a new strategy."
Thomson Local now focuses more on lead generation and increasing digital profiles of businesses in their local areas, as opposed to producing paper directories.
Mr Lambing said there was now ‘nothing on the horizon’ in terms of redundancies or restructuring.
The former Farnborough Road headquarters, a 63,000sqft office space that Mr Lambing said was now owned by RBS, is currently under offer and is thought to be earmarked to become flats, although no such planning permission has yet been sought.
The redevelopment of the building would mirror that proposed for the Ham and Blackbird pub across the road, of turning a former employment site into residential use.
An application to demolish the vacant pub and build two blocks containing 62 flats and a car park was submitted in June.
Meanwhile a former fireworks shop in the town could also be turned into flats. Plans have been submitted to change the use of the closed Fireworks shop in Park Road from retail to residential to allow it to be transformed into two, one-bedroom flats.
The transformation would involve adding new windows and removing the current shop frontage.
A decision on the application is due in September.