Bericote Properties is expected to commence development of three units of 20,000 sq ft, 45,000 sq ft and 84,000 sq ft at Alpha Park in Chandlers Ford, with a completion date of Q4 2017.
Mountpark Logistics has now secured planning for the development of 18.7 acres in Eastleigh to provide industrial and logistics space totalling circa 366,000 sq ft, with the smaller site of 6.67 acres already under offer to a single owner occupier. Units, ranging in size from 40,000 sq ft upwards, are expected to be built speculatively.
Peel Logistics’ South Central development, close to Southampton Docks, comprising three units of 40,000 sq ft, 50,000 sq ft and 117,000 sq ft should all go some way towards alleviating the acute shortage of stock available on the South Coast.
At the Solent Enterprise Zone near Lee on Solent, there has been a hive of activity promoted by Fareham Borough Council, with the speculative 25,000 sq ft unit under offer to an aviation company and full occupancy of the Innovation Centre, with more positive development plans in the pipeline.
Further east along the M27 corridor, the new 80,000 sq ft distribution warehouse for FatFace is nearing practical completion, which signals the opening of the new 45 acre Dunsbury Business Park, which can accommodate new B1/B2/B8 units from 20,000 to 200,000 sq ft.
Merlin Park in Portsmouth is a prime industrial and logistics site being developed by Canmoor, which has obtained planning permission to build up to 150,000 sq ft in a range of unit sizes.
Similarly, at the Trident and Velocity development sites in Havant, plans are underway to build new units from 30,000 sq ft upwards.
The key opportunity for developers to achieve favourable rents is in the development of multi-let industrial estates on the M27 corridor.