Local commercial agents and inward investment managers have been shown the progress being made at a new £30m industrial development in Southampton which will bring hundreds of jobs to the region.
Highway widening and road improvement works associated with the 11-acre development at South Central, Test Lane, Nursling are well under way, and on course to complete in mid-July.
Construction work will then begin on three new high-specification industrial units, suitable for storage and distribution use.
The reception was hosted by south coast commercial property specialists Lambert Smith Hampton (LSH) and JLL, joint letting agents for the site. Guests enjoyed a lunch afterwards at Lime Wood Hotel in the New Forest).
Adrian Whitfield, Industrial & Logistics Director based in the Southampton office of LSH, said: “This was a great opportunity to get together and celebrate the progress being made at South Central, which is the first speculative development close to the Port of Southampton in a decade.
“There is a lot of excitement around this site due to its prime location and the quality of the accommodation on offer. The levels of interest we have already seen demonstrate the continued confidence we are seeing in the commercial property investment market.”
The development is being carried out by specialist UK logistics and industrial property specialist Peel Logistics Property, whose funding partner for the project is Rockspring Property Investment Managers LLP.
The project, due to complete in the first quarter of 2018, offers three units measuring 39,075 sq ft, 49,965 sq ft and 116,895 sq ft, each with a Grade A specification including dock & level access loading doors, full access raised floor offices and large secure self-contained yard.
It is anticipated that South Central will bring an estimated 750 jobs to the region. The site’s strategic location, within two miles of Dock Gate 20 of the Port of Southampton, its 24/7 hours of operation and close transport links to the M27 and M271, make it ideally suited to occupiers in the parcel distribution, storage and manufacturing sectors.
Neil Dickinson, Chief Operating Officer at Peel Logistics Property, said: “We were proud to show guests around the site and show them the enormous potential of this exciting development, which brings a huge amount of investment to the region.”
For further details about South Central, contact Adrian Whitfield at Lambert Smith Hampton at email@example.com, call 023 8071 3037 or see www.lsh.co.uk