Shrewd investors like RO have seen
the potential of Southampton with
three deals in the past 18 months.
The latest acquisition is 1 Dorset
bought from Aberdeen Standard
Investments for £5.2 million, taking
RO’s spending in Southampton to
£16 million. It has already purchased
Waterside Place for £7.6 million and
West Park House for £4 million.
1 Dorset was built in 2006 and is
in the established central business
district relatively close to the main
shopping area and the railway
station. RO will refurbish the
building, which is important for the
city in providing Grade A status.
David Kershaw of RO commented:
“Southampton has a high demand
for well located and high quality
offices coupled with very low
availability and we hope this will fill
a gap of high end office space. RO
has been an active investor along
the South Coast, apart from
Southampton, with deals in such
places as Chichester”.
A guide to how to transform old
industrial buildings is provided
by Ampress Park in the New
Forest where a World War II
Wellworthy engineering factory
has been transformed into
Ampress Park by UBS.
After extensive decontamination
and using agent Hellier Langston as
adviser’s, the 15,799 sq.metres
.) park is now home
to top companies such as Screwfix,
Travis Perkins, Halfords and
Jason Webb of Hellier Langston,
who has been involved with most
of the sales and lettings on the
estate, commented “The final Travis
Perkins unit is under offer and due
to complete shortly, making the
estate effectively fully developed
and fully occupied”.
Commercial Property Register
April – September 2018www.compropregister.com
The transformation of Solent
Airport, which is an example of
the potential of former defence
assets, is continuing apace as the
£50 million plan brings new
assets such as five new hangars.
The aim is to create a business
airport which includes a further six
hangars to be completed this year.
The new structures are within
the Solent Enterprise Zone. Fareham
Borough Council Leader, Sean
Woodward, commented: “The
council’s vision for the site will
see it becoming the premier
location for aviation, aerospace
engineering and advanced
manufacturing in the south”.
A central part of the plan is the
expansion of the Innovation Centre
with 3,399 sq.metres (36,584sq.ft.
in 33 offices.
Jo Willett of Oxford Innovation
Centres, which manages it at
Daedalus, said: “This centre has
become a hub of excellence for
marine, automotive, aerospace and
engineering sectors with a vibrant
business community of more than
Guy Jackson of Lambert Smith
Hampton, the agent for Solent
Airport, said: “The new hangars
offer aviation businesses and clubs
space to store their aircraft. It is
another significant step in the
growth of the Solent Enterprise
Zone and the fact that three hangars
are under offer is an indicator of
the huge appeal of the site”.
The vision for the 200 hectares
site is far reaching with its two
business parks having access by
road, air and sea and a growing
onsite skilled workforce as part of
a plethora of start-up businesses.
The potential for development
land is at least 49,980 sq.metres
One of the secrets of Daedalus
is the Centre of Excellence in
Engineering Manufacturing and
Advanced Skills training (CEMAST)
with its strong links to major
companies such as BAE Systems,
GE Aviation, Virgin Atlantic and
The Brexit debate appears to
have failed to deter the National
Grid from planning a link between
the UK and France’s electricity
transmission network with the
aim of enhancing security,
affordability and sustainability,
known as IFA2, or Interconnection
France-Angleterre. The convertor
for the network will be located
Innovation Centre at Daedelus
on behalf of a private vendor, Goadsby has sold the 3,500sq.ft
Unit 17, Branksome Business Park Poole. Quoting price was £450,000.
tools specialist Toolstation has opened a new 4,467sq.ft.
trade counter at Southampton Trade Park bringing the park to full
occupancy. Hellier Langston & Lambert Smith Hampton were joint agents
on the scheme.
Mechanics has taken a 24,000sq.ft.
industrial boat building
complex on a new lease at Waterloo Road, Lymington. London Clancy
acted on behalf of private investors.