The Business Magazine

  • Home
  • Our Awards Events
  • Deals
  • Listings
  • News
    • All News
    • Subscribe to our eNewsletters
    • Companies
    • Hospitality
    • Deals
    • Events
    • Law
    • Finance/Economy
    • Manufacturing
    • Motoring
    • People
    • Property
    • Technology
  • Our Events
    • Reading 2025 Breakfast Seminar
    • Reading No 1 City
    • TV AIM 2018
  • Features
    • Regular Features
      • Economy/Finance
      • HR/Management
      • Law
      • Profiles
      • Property
      • Technology
      • Town Spotlight
      • Women in Business
      • Business Focus
      • Motoring
      • Hospitality
      • The Legal 500 Highlights
      • Other
    • Southern Entrepreneurs
    • Entrepreneur Profiles
    • Roundtables
  • About Us
    • What we do
    • Meet the team
    • Advertise with us
    • Contact Us
    • How to find us
    • Terms and conditions
    • Privacy policy
    • Current & Past Editions
    • Video

Latest News

  • Follow us on Twitter
  • RSS

Fareham: Trade and business park sold to Standard Life Investments

08/02/2018

Commercial property specialists at Lambert Smith Hampton have advised on the £20 million acquisition of Fareham Trade and Business Park by Standard Life Investments on behalf of a segregated client.

Agents at the firm’s south coast offices acted for the global asset manager in its acquisition of the park for £20,200,000 – the purchase price reflecting a net initial rental yield of under 5%.

LSH’s knowledge of the investment and occupational market in the south was instrumental in highlighting the income potential of the estate. Current rents are between £5.50 and £8 per square foot – considerably lower than existing rents elsewhere on the South Coast, which are heading towards £10 per sq ft.

The park, in a prominent position fronting on to Fareham Road, had recently been redeveloped by Oceanic Estates and offers in excess of 135,000 sq ft of property on 11.3 acres.

Trade park occupiers include KFC, Toolstation, Formula One Autocentres, Encon and Strongroom Self Storage. An additional vacant plot has consent for a drive-through operator or trade counter/retail unit.

To the rear of the park, business park tenants include Encon and the European headquarters of North Sails plus additional development sites, which are currently let as open storage.

Jerry Vigus, director of capital markets and industrial logistics at the South Coast offices of Lambert Smith Hampton, said: “The acquisition of this estate offers Standard Life Investments the opportunity to add to their industrial and logistics assets in the area, which have proved successful.

“Through our knowledge of the investment and occupational market, we were able to supply Standard Life Investments the evidence to prove the potential reversion to come from the estate.

“The South Coast remains one of the most sought-after locations within the South East for an industrial/logistics property hence why Standard Life Investments were keen to acquire this asset.”

 www.lsh.co.uk

Tags: Fareham, South Coast
 
 
← South East: Berks and north Hants top locations for office demand (previous entry)
(next entry) Berkshire: Gigaclear connects 15,000th customer to ultra-fast network →
Related Posts
lucketts travel, business magazine Fareham: Lucketts Travel embarks on major expansio...
Protec,-Business-Magazine Fareham: Queen’s Award goes to UK aerospace ...
Taylor-Made,-Solent Fareham: Corporate technology honour for Taylor Ma...
CW-Fellowes,-The-Business-Magazine Fareham: CW Fellowes appoints two new directors

Post Sidebar Buttons Zone

Thames Valley Oxford Reading Solent Southampton Portsmouth Basingstoke hampshire Oxfordshire South East Bournemouth South Dorset Berkshire South Coast
Readingno1city

Most read this week

  • Reading: Gateley plc marks three-year anniversary with new appointments
  • Portsmouth: Verisona Law merges with Gosport legal practice
  • South: Housing costs are ‘putting economic growth at risk’
  • Reading: Virgin Media to move into Green Park as office development ramps up
  • Reading: Sharps signs up new tenant for Riverview warehouse
© Copyright — Elcot Media & Events Ltd trading as The Business Magazine , - All Rights Reserved   Contact the Webmaster
  • Send us Mail
  • Follow us on Twitter
  • Subscribe to our RSS Feed
This site uses cookies: Find out more.