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News - 12/01/2011

Southampton warehouse sold

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Acting on behalf of SEGRO, we have secured the sale of a 13,427 sq ft warehouse in Nursling, Southampton.

110 Vista Park, a development within Nursling Industrial Estate, has been purchased by Pneumax, a European manufacturer of pneumatic components. The company is relocating from Gosport to upgraded premises following its new Italian ownership.

Pneumax purchases warehouse

Pneumax selected Vista Park on account of its contemporary look and excellent layout, and chose to take advantage of current market conditions and invest in the freehold of its business premises

Adrian Whitfield, Director in our South Coast Industrial & Logistics Agency team, commented: “This building’s location, close to the M27 and Southampton International Airport and docks, made it an ideal acquisition for Pneumax.

Shortage of quality industrial space

“There is currently a shortage of good quality available industrial stock along the M27 corridor, and this shortage is likely to present problems for occupiers looking to relocate in 2011.”  

We are now instructed to market Pneumax’s previous building at Venture Industrial Estate, Gosport.