Bericote Properties, funded by Blackrock, has commenced construction of three units of 20,000, 45,000 and 80,000 sq ft at Alpha Park in Chandlers Ford
, with a completion date of September 2017. The steel frames will be visible in February and we can report an encouraging level of interest in this scheme from occupiers.
Peel Logistics’ development of their South Central scheme, funded by Rockspring, is about to commence on site. This is a speculative development of three units of 40,000, 50,000 and 117,000 sq ft, each with secure yards, which will provide grade A space at the gateway to Southampton Port.
Mountpark Logistics, having secured a pre-let of 47,500 sq ft at Wide Lane, Southampton, is understood to have re-submitted a planning application to develop an additional 60,000 and 100,000 sq ft at the site on a speculative basis.
This wave of confidence extends along the M27, with the advent of long-anticipated new schemes. Canmoor and BA Pension Fund are planning units from 8,000 to 20,500 sq ft at Merlin Park and Pioneer Park, Portsmouth, together with build-to-suit opportunities on sites at Daedalus East, Solent Enterprise Zone, Velocity, Havant, and Berewood, Waterlooville.
Just launched onto the market is the major gateway site at Dunsbury Park, Havant, situated alongside the A3(M) between Leigh Park and J3 of the motorway, now poised to deliver a 50 acre site with outline planning consent for up to 62,000 sq m of B1/B2 and B8 uses. The development, by Portsmouth City Council, received matched LEP support to install its highway access and infrastructure. The first unit (80,000 sq ft) is complete and has been let to FatFace, which will take occupation during the spring.