Work has started at South Central development at Test Lane, the first speculative new industrial development close to the Port of Southampton in a decade.
The development will create three new storage and distribution units with a combined value of over £30m.
The site’s strategic location, within two miles of Dock Gate 20 of the Port of Southampton, its 24/7 hours of operation and close transport links to the M27 and M271 have resulted in a high level of interest from potential occupiers.
The preliminary works now underway include the widening of Test Lane to improve road access to the site from Junction 1 of the M271 at Nursling. The project has full detailed planning consent and agreements in place and is on track to be completed in the first quarter of 2018.
The three units measure 39,075 sq ft, 49,965 sq ft and 116,895 sq ft and cover a total of 16.13 acres includes a linear park. Each unit will benefit from a Grade A specification including 11 metre eaves height, 50 Kn per sq m floor loading, dock & level access loading doors, full access raised floor offices and large secure self-contained yard.
The development is being carried out by specialist UK logistics and industrial property specialist Peel Logistics Property. Its funding partner is Rockspring Property Investment Managers LLP.
‘A speculative development of this scale in such a strategically important location is a huge show of confidence in the region, particularly in Southampton’s position as a key hub for international trade.’
Adrian Whitfield, Industrial & Logistics Director, Lambert Smith Hampton, Southampton
‘We are delighted to be starting work on South Central, having worked tirelessly with planning officers and the local community to create a development that is entirely relevant to Southampton’s economy and sympathetic to the requirements of the local community. This is an opportunity which will bring a huge amount of investment to the region while helping to satisfy the high level of demand for large commercial property units in the Southampton area.’