Selex ES has secured a 24,000 sq ft pre-let for a new office building to be constructed at Endeavour Park, Millbrook, Southampton.
Selex ES is an international leader in electronic and information technologies, predominantly providing services to the defence industry.
The site is owned by Diageo Pension Fund, managed by Cordea Savills and developed by Canmoor Developments, which were represented in the deal by LSH and Dowley Turner Real Estate.
Long-standing commercial occupier
Selex ES is one of the city's longest-standing commercial occupiers and has taken the opportunity, following the acquisition by Diageo Pension Fund and Canmoor Developments at Endeavour Park, to extend operations on the site and invest in the area.
The deal signifies the first new office build in the city centre since Carnival relocated to its HQ on West Quay Road three years ago.
Successful South Coast site
Jerry Vigus, Director in our South Coast Agency team, commented: “Endeavour Park has proved a successful site and illustrates the lack of opportunities within the city boundaries and the South Coast generally. As well as the 24,000 sq ft pre-let to Selex ES, Diego Pension Fund and Canmoor Developments have also secured a 90,000 sq ft pre-let to international parcel courier, UPS.
"Canmoor Developments’ proven track record in delivering such opportunities previously has had a positive impact in attracting interest from occupiers."