South Coast Central Issue 37 April 2018
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The shortage of prime office and

industrial space is the problem as

illustrated by JLL and Hughes

Ellard (HE) now marketing the

last available space in a newly

refurbished building on the

outskirts of Southampton.

It is Vanbrugh House, which is

within the Botleigh Grange Office

Campus at Hedge End, where the

available space is on the ground

floor. Nella Pang of JLL said:

“Vanbrugh House has a special

appeal because of its proximity to

nature, and the quality of the space

which has already attracted leading

brands. Our own research has

shown that people’s experience of

the workplace is highly important in

terms of attracting, retaining and

inspiring staff”. Russell Mogridge of

HE added: “We are confident of

securing a tenant soon, as it

provides one of the best business

locations outside of Southampton

city centre”.

Another good example of the

type of company that is growing

well in the region is provided by CJR

Propulsion, which has invested

£3 million in expansion and taken

adjacent space at the Centurion

Industrial Park, Bitterne Road

through Lambert Smith Hampton.

The unit has been refurbished by

Colliers Capital for the Staffordshire

Pension Fund. CJR supplies precision

engineered propulsion and stern

gear packages for commercial and

leisure superyacht brands.

Commercial Property Register

April – September 2018

www.compropregister.com

10

One major business park (which

could be argued is in an unlikely

location) proving a great success,

is Solstice Park, Amesbury.

It has seen substantial expansion

and a string of deals, the latest

being the sale of two plots in the

EOS section through Myddelton

& Major.

The agent’s Dean Speer said:

“The parcels of land have been

acquired by tea importer,

Imporient, and the motor trades

firms, Andover MOT Supercentre

and Express Motorshop, and will

have purpose built accommodation”.

Speer added that it continued

a trend of companies building

bespoke premises and there has

also been strong demand from

owner occupiers or developers

seeking a southern base linking

into the South Coast and South

West.

A further plot of 8.6 acres, EOS2,

is available for development, either

as plots for self build or large

warehouse/industrial space.

An indicator of the popularity

of Solstice Park is that the initial

phase of the Bluestone Centre

being developed by Northwood

Engineering only has one of the

12 units available following the sale

of Unit 5 to Intelligent Solutions in

Transport as an investment. It is let

to Charlescotes Flooring Company.

Speer said: “Many of the units in

the business centre were sold off

plan. Bluestone is the first new

business centre in the strategically

located Solstice Park and is

significant for employment in

Wiltshire”.

In its increased buying on the

South Coast, RO has added a 9 acre

plot at Solstice Park for £2.45

million. RO believes the plot is

ideal for either a trade counter or

industrial development and will

gain from the improvements to

the A303 road, as well as being in

an increasingly popular area for

commercial property.

Solstice Park is 9 miles from

Salisbury, where Cubex has sold,

through Myddelton & Major and GVA,

the 3,834 sq.metres (41,267

sq.ft

.)

Warner House to Ameriscot

Commercial, who already own

property in the city and a

31,586 sq.metres (340,000

sq.ft

.)

portfolio of offices in Dorset,

Hampshire and Wiltshire.

Bill Parker of Ameriscot said:

“Salisbury is an attractive city but it

lacks high quality modern offices.

As with all our buildings, we try to

offer something different and

Warner House will have a coffee

shop and attractive courtyard

garden and office suites will be air

conditioned”.

At the High Post Business Park

near Salisbury, the latest unit, a

4,629 sq.metres (49,828

sq.ft

.) has

been sold through Myddelton &

Major to complete the sale of the

park. The asking price for the unit

was £2.3 million.

SUN SHINES ON

Solstice

NEWS

Shortage

PERSISTS

Solstice Park