New industrial units in Segensworth take shape on former Hampshire County Council land
AN industrial park designed for manufacturing, delivery and high-tech firms is set to open in just four months.
Concorde Park, at Segensworth Industrial Estate, has 10 leasehold units ranging in size from 2,947 sq ft to 20,071 sq ft.
The units are aimed at manufacturing, last-mile delivery and high-tech employers, with property consultancy Vail Williams appointed as joint agent of the scheme with real estate giant CBRE.
Close to junction nine of the M27, the 4.7-acre site in Concorde Way is being developed by Kingsbridge Estates, a privately-owned property company providing business space across the south.
Russell Mogridge, a partner who leads Vail Williams’ Solent Business Space team, said: ‘This is an exciting scheme, generating local employment through construction and also through the companies which will occupy the units.
‘Employers can draw upon a great labour pool – 120,000 economically residents are in the vicinity.’
The units, being built by Mildren Construction, include Grade A first-floor office space and dedicated parking.
Kingsbridge Estates acquired the vacant site last year, and won planning permission, after being selected in a national best-and-final-bids campaign undertaken by Vail Williams on behalf of Hampshire County Council, which had owned the plot of land.
Councillors agreed to dispose of the land in 2018.
Mark Hooper, planning and development director at Kingsbridge Estates, said: ‘Concorde Park is being developed to high-quality standards, with end users very much in mind, and in response to market shortage.
‘Works are being delivered to a BREEAM ‘very good’ standard, which will help to lower running costs, and the adjacent nature reserve is being carefully protected.
'Concorde Park will also benefit from 50 per cent more power output than normally available at other speculative industrial units, along with electric vehicle charging points.'
Units are available from June.
Companies in the area include Yodel, Geest Line, Meggitt, FedEx Express, TÜV SÜD and Wärtsilä.
According to the Solent Local Enterprise Partnership, there are 42,000 businesses in the Solent region.