Logistics City 2000

News - 22/01/2021

Logistics city development in Basingstoke now fully let

We have secured a new tenant on behalf of Kier Property for the final available unit at Logistics City in Basingstoke, meaning that the estate is now fully let.

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We have once again shown our unrivalled knowledge of the South-East Industrial property market by securing the lease of the final available unit at Logistics City, Basingstoke to DFS. The 22,886 sq ft unit, known as Unit C, will be occupied by Sofology and used as a customer fulfilment centre. 

We have advised Kier Property on all lettings at the development located at the Houndmills Industrial Estate in Basingstoke. We also advised Kier on the investment sales since the five-acre site was acquired by Kier in 2016. Our capital markets team secured the onward sale to Cabot Properties.

Hollis Hockley acted as joint agents with Lambert Smith Hampton. 

Charles Wood, Director in Lambert Smith Hampton’s Industrial team commented:

“This was a combined effort from our Guildford and South Coast industrial teams with Industrial & Logistics Agency and Capital Markets specialist input . The three units were built to a high standard and we were able to capitalise on a vibrant M3 occupational warehouse market to secure the final letting. This enabled our capital markets team to put together the onward sale.”

Phil Sutton, Development Director for Kier Property commented:

“Lambert Smith Hampton brought this site to our attention and their Industrial Agency team advised us on a product to build. This scheme was successful and enabled us to capitalise fully on the strength of the industrial and logistics sector along the M3 corridor. The lettings that were achieved enabled LSH’s capital markets team to secure the sale of the completed investments. We are delighted with the service LSH has provided us on this scheme, showcasing their ability to act as a one-stop-shop for all market letting and investment advice.”

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