Carlton House, Netley Marsh, Hampshire
Development opportunity 5.6 acres (2.27 ha)
5 Mount Park, Wide Lane, Southampton
Premium Quality Warehouse Unit - 74,390 sq. ft. (6,911 sq. m.)
3 Harbourgate, Portsmouth
Newly Refurbished Detached Warehouse/Industrial Unit - 33,109 sq. ft. (3,075 sq.m.)
2 Quadra Point, Portsmouth
Industrial/Warehouse Unit - 25,027 sq. ft. (2,325.13 sq. m.)
1 Boyatt Wood, Eastleigh
End of terrace Industrial/Warehouse Unit - 23,222 sq. ft. (2,167.72 sq. m.)
1 The Nelson Centre, Portfield Road, Portsmouth
Industrial/Warehouse Unit 18,789 sq. ft. (1,745.54 m²)
18-20 Millbrook Road East, Southampton
Hi-tech/Light Industrial Unit - 4,066 sq. ft. (377.74 sq. m.)
4 Westwood Court, Totton
2 Storey Business Unit - 1,780 sq. ft. (165.44 sq. m.)
10 Solent Industrial Estate, Hedge End, Southampton
Warehouse/Industrial Unit - 5,950 sq. ft. (552.75 sq. m.)
4th FLOOR, ENTERPRISE HOUSE, OCEAN WAY, SOUTHAMPTON
Modern Office Suite to let - 2,325 sq. ft. (216 m²)
FIRST FLOOR, BAY HOUSE, COMPASS ROAD, PORTSMOUTH
Modern open plan offices to let - 5,518 sq. ft. (512.6 m²)
1-4 Totton Business Park, Southampton
Industrial/Warehouse/Trade Counter Units 4,400 - 31,430 sq. ft. (409 - 2,920 m²)
Radial 27, 11 Barnes Wallis Road, Segensworth, Fareham
Detached Warehouse/Industrial Unit 71,542 sq. ft. (6,646.28 sq. m.)
Industrial Agency Disposal - Fareham Industrial Park
Hellier Langston have been long standing letting agents for Standard Life Investments on Fareham Industrial Park, Standard Way, Fareham.
What we did
The main part of the accommodation of units 13-19, totalled 100,469 sq. ft. (9,330 sq. m.) and was no longer deemed attractive to a single occupier given the layout and also the dearth of enquiries of that size. In conjunction with our joint agents, a comprehensive marketing campaign was launched including a complete rebrand of the estate, which demonstrated the flexibility of the vacant space and the ability to offer units from 13,000 sq. ft. up to 100,000 sq. ft.
With Hellier Langston’s extensive knowledge of the regional industrial market, we were aware of a number of large occupiers with pending lease events, which could trigger a desire to relocate. City Link, the parcel distribution company had been identified at an early stage as an ideal tenant for Fareham Industrial Park, allowing them the opportunity to consolidate two existing facilities on the South Coast.
What we achieved
Terms were agreed with City Link on units 14-16, 61,986 sq. ft. (5,759 sq. m.) with the letting completed in May 2013. City Link committed to a ten year lease with a five year break option at a headline rent of £5.65 per sq ft. Standard Life were delighted the deal, which represented one of the most significant industrial lettings on the South Coast for a number years and dramatically reduced the void on Fareham Industrial Park.
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Following the departure of the Co-operative Group from the estate in 2011, over 100,000 sq. ft. became vacant, creating a large rental void. Hellier Langston were instructed to provide advice and market the vacant space, a significant challenge in a difficult market.
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