Lambert Smith Hampton (LSH) has successfully advised Columbia Threadneedle on the sale of Buildings 285 & 287, Mitchell Way, Portsmouth, to Cassion & Barwood Capital as part of the transaction Cassion & Barwood Capital also acquired Merchant Way Trading Estate, Doncaster

The asset comprises two detached industrial units extending to approximately 35,137 sq ft on a 1.7-acre site, located within one of Portsmouth’s principal industrial areas. The property is fully let and offers significant reversionary potential, with current rents notably below market levels.

Strategically positioned approximately 1.5 miles from the M27/A27, the estate benefits from excellent connectivity across the South Coast and to the wider motorway network, underpinning strong occupational demand in the region.

Jerry Vigus, Senior Director at LSH, commented:

“Portsmouth remains a highly sought-after location, driven by constrained supply and strong occupational fundamentals particularly with strong links to the defence sector and aerospace with the skill labour force located in the region."

The transaction demonstrates ongoing investor appetite for multi-let industrial assets with asset management potential, particularly in established South Coast locations where rental growth prospects remain compelling.

The purchaser was represented by CBRE.

James Brooks – Columbia Threadneedle

Tom Elvis – Columbia Threadneedle

Matt Brown – Lewis Ellis (who advised on Merchant Way Trading Estate, Doncaster)

James Burgress – Cassion

Jonathan Ellerington – Barwood Capital

Henry King – CBRE

Alex Davies – CBRE