South Coast Central Issue 37 April 2018
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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

(170,000

sq.ft

.) park is now home

to top companies such as Screwfix,

Travis Perkins, Halfords and

Howdens.

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 2018

www.compropregister.com

18

NEWS

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 (36,584

sq.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

40 businesses”.

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

(538,000

sq.ft

.).

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

Jensen Motorsport.

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

at Daedalus.

NEW FOREST

Success

Innovation Centre at Daedelus

Solent

FLIES

Roll on

RO

IN BRIEF

Acting

on behalf of a private vendor, Goadsby has sold the 3,500

sq.ft

,

Unit 17, Branksome Business Park Poole. Quoting price was £450,000.

Nationwide

tools specialist Toolstation has opened a new 4,467

sq.ft.

trade counter at Southampton Trade Park bringing the park to full

occupancy. Hellier Langston & Lambert Smith Hampton were joint agents

on the scheme.

Fibre

Mechanics has taken a 24,000

sq.ft.

industrial boat building

complex on a new lease at Waterloo Road, Lymington. London Clancy

acted on behalf of private investors.

Ampress Park