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An example of the type of

company that is either moving to

the South Coast or expanding

within the region is LeadStream,

a financial services group.

Its growth has propelled it from

Fareham to St Andrews House on

Solent Business Park for its call

centre. Such is the pace of

expansion that it plans to increase

its staff from 80 to 150.

The firm’s Chief Executive,

Matthew Milnes, said: “Our service

teams are involved in 2,500 fresh

enquiries a day, placing customers

with the best company

to suit their requirements,

whether that is life insurance or

stock and shares in other financial

investments”.

Russell Mogridge of letting

agent Hughes Ellard said:

“LeadStream is an example of the

go ahead business which requires

quality office headquarters. The

location is ideal, just off Junction

90 of the M27 with a superb

employment pool across the

conurbation, all within commuter

distance”.

Topping the UK league for the

number of speculative industrial

developments highlights the

dynamic character of the

South Coast.

The report from Lambert Smith

Hampton details that the area has

the highest number of speculative

schemes for small and medium

units being built speculatively,

which is a good guide to future

economic growth.

To this should be added that

the take up figures for mid sized

units of 4,645-9,290 sq.metres

(50,000-100,000

sq.ft

.) for 2017

represent an increase of 37% on

the previous year and 31% on the

five year average.

Jerry Vigus of LSH commented:

“The south is undoubtedly a major

driving force for the national economy

and 2017 was nothing short of

spectacular in the take up of industrial

space”. He added that the large

proportion of speculative schemes

indicates the confidence in the market.

The national scene for industrial

property is healthy with a record

number of investment deals last

year at 540, up 51% on 2016.

Sales of industrial property are

also doing well. At the Sandford

Lane Industrial Estate, Wareham,

Goadsby and Sibbett Gregory sold a

9,874

sq.ft

. unit to an owner occupier

at a quoted price of £590,000. In 4

Moorside Place, Winchester, Goadsby

and Holt Consult have sold a unit of

50/50% office and industrial space.

Michael Lord of Goadsby said:

“We have seen a rise in the demand

for industrial space in Winchester”.

There are a number of hot spots

for industrial development, such as

at Reliant Close, Chandlers Ford where

construction has started on two

warehouses totalling 4,645 sq.metres

(50,000

sq.ft

.) with completion due

in October with Warwick Martel and

LSH acting for the landlord, Store

Property Investments.

Ross Moyler of Store Property

said: “This scheme is an example of

how we invest in our portfolio to

attract occupiers”.

Oddly enough, the performance

of the construction industry nationally

belies the strong showing on the

South Coast. Blane Perretton of the

consultancy Naismiths said: “The

loss of momentum in commercial

property and infrastructure work

dragged down both output and

sentiment in the latter part of

2017”. One reason he gives for the

decline is that large companies are

backing off ahead of Brexit.

Commercial Property Register

April – September 2018

www.compropregister.com

NEWS

STACKED HIGH IN

the south

LeadStream

EXPANSION

IN BRIEF

In

a £1bn, 15 year programme Whitehill & Bordon is being transformed

into a green town. After the army left the town in December 2015 it

freed up over 100 hectares of land which will have retailing, leisure &

entertainment and office space. The project will deliver 100,000 sq.metres of

commercial, retail and leisure space in addition

to 3,350 new homes. One of the early

successes at the scheme is the BASE Borden

Innovation Centre at Broxhead House, Louisburg

Barracks, which is already more than a

quarter full, weeks before the official opening.

The student housing market is

booming and JLL suggests that it

accounted for £1 in every £10

invested in the UK commercial

property market in 2017. JLL says

this trend is being reflected in

Southampton as a result of the

University of Southampton’s

ambitious growth plans.

Southampton is also expected to

see a big rise in the number of private

rented sector (PRS) and co-living

housing schemes, where investors

buy up blocks of property for the

purposes of buy-to-let, benefitting

from increases in both value and

rent. Co-living spaces are designed

as a stepping stone for people who

may have left university but don’t

want to live on their own. Their

collaborative living spaces appeal

to small groups who enjoy the

vibrancy of communal living.

The sector has grown substantially

in major cities such as London and

Bristol but is now spreading to the

smaller regional cities, including

Southampton, which already has

one PRS scheme at the Fruit and

Vegetable Market and several others

in the pipeline.

Boom

TIME

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