Unit 4 Boyatt Wood, Eastleigh
Modern Industrial /Warehouse Unit 10,785 sq. ft. (1,002 sq. m.)
Carlton House, Netley Marsh, Hampshire
Development opportunity 5.6 acres (2.27 ha)
3 Sun Valley Business Park, Winchester
Industrial/Warehouse Unit 3,014 sq. ft. (280 sq. m.)
1 Boyatt Wood, Eastleigh
End of terrace Industrial/Warehouse Unit - 23,222 sq. ft. (2,167.72 sq. m.)
610 Fareham Reach, Gosport
Industrial/Warehouse Unit 28,187 sq. ft. (2,618.62 sq. m.)
Unit 5 Matrix Park, Segensworth, Fareham
Modern Industrial/Warehouse Unit 34,026 sq. ft. (3,161 sq. m.)
14 St John's Road, Hedge End
Modern Ground Floor Offices 2,565 sq. ft.
Merlin Quay, Hazel Road, Woolston
Industrial Units & Wharf Access 77,278 sq. ft.
300 Fareham Reach, Gosport
Newly Refurbished Industrial/Warehouse Unit 42,995 sq. ft.
An expanded lease at Fareham Reach Business Park
- Date: 20th September 2021
LSH and Hellier Langston who act on behalf of Federated Hermes were instrumental into getting Capstone Green Energy to agree a new lease on Unit 810 Fareham Reach Business Park. The specialist turbine manufacturer for green energy systems, is expanding to support its continued growth.
Totalling 18,449 sq ft, the new agreement includes the renewal of Capstone Green Energy's current lease as well as the occupation of an additional building, enabling the business to meet growing demand. Capstone will now occupy units 800 and 810, which span 9,688 and 8,761 sq ft respectively, after agreeing terms for a 15-year lease.
Fareham Reach Business Park offers industrial warehouse units and offices and is located between Southampton and Portsmouth, situated in proximity to Junction 11 of the M27. The premises have been recently refurbished to a high standard and other occupiers include Travis Perkins, Fraser Freight and CPG Logistics.
Stephen Ellis, Senior Investment Manager at the international business of Federated Hermes, says: “Capstone has been with us at Fareham Reach Business Park since 2015, and the business’ decision to commit to a long lease is a major vote of confidence and reflects the park’s ability to support businesses in rapidly growing industries. We’re proud to support Capstone’s continued growth by providing this additional space and look forward to celebrating its success in the years to come.”
Jim Newbold, Director of Global Services at Capstone Green Energy, says: “Continuing to invest in our UK manufacturing operation is critical to Capstone’s key objectives and accelerates our broader strategic development plan for the region. By expanding our global production capacity, this will better position us to provide long term support to Capstone’s established and growing fleet across EMEA while driving down shipping dependency and improving distributor facilities with access to a complete state-of-the-art training suite.”
Elise Evans, Associate Director – Industrial & Logistics at Lambert Smith Hampton, said: “The industrial and logistics sector remains strong in the South Coast region and demand continues to outstrip supply in the area. The landlord’s commitment to investing in Fareham Reach Business Park and its facilities has driven strong take up.”
Federated Hermes was represented by Lambert Smith Hampton and Hellier Langston.
PRESS RELEASE CREDIT: Federated Hermes
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