The recently refurbished Tolbar
House at Hedge End is now full
after Solent Pizza Group took
space there through Hughes
Ellard for £199 a sq metre
Owned by Horatio Properties, the
refurbishment brought the division
of the top floor into smaller units.
Russell Mogridge of Hughes Ellard
said: “There is little by way of quality
offices in and around Hedge End,
which is popular because of the
road and rail connections”.
Another Hughes Ellard deal was
the letting of offices to the
automation software company
Cortex in Kings Park House on the
top floor while the second floor
is also under offer. The property is
another that has been refurbished
in a £2 million contract.
The mixed use Town Quay
scheme has also proved to be
popular and the latest company to
take offices there is the corporate
recovery firm Quantuma, which has
moved from another location in the
city in Beresford House.
Andy Gibbs of letting agent LSH
commented: “The continued success
of Town Quay, which is owned by
Associated British Ports, as a
business area reflects the general
optimism in in the economy in
Southampton and beyond”.
Winchester has many attractions
for business as well as tourism
because of its history and
So it is no surprise that it appears
to be moving up the list of cities
attracting increased inward
In one of the largest lettings in
recent history, Skanska has leased a
1,394 sq.metres (15,000sq.ft
office at Trafalgar House in the city
centre through Goadsby and CBRE
on behalf of Gentian Development.
Skanska has a new contract to
maintain Hampshire’s roads
The Grade II listed building is
being refurbished. Goadsby’s Allan
Pickering commented: “Office rents
across the south have been increasing
in recent months and achieving
Winchester’s highest recorded rent
comes as a result of the continued
reduction in quality space coupled
with increased demand”.
Another new arrival in Winchester
is RBS Scaffolding which bought a
unit on Legal & General’s Winnall
Industrial Estate through LSH jointly
with Hughes Ellard.
Winchester City Council is pushing
ahead with improving the city and
has appointed architects Lifschutz
Davidson Sandilands to take
forward the Station Approach scheme.
Counciller Caroline Horrill, the
Council Leader, put the scheme in
context by saying “Station Approach
is an important aspect of our vision
for the city’s future and will allow
us to offer much needed Grade A
office space to the business
community who are regularly
requesting premises of this calibre
in the city. The next step is to
develop concept designs”.
Another step in the process
of change is that the council
plans to refurbish the tourist
information centre at the
Guildhall with a fresh modern
look and new digital functionality
and better represent businesses
in the district.
This is a logical move given the
growth of tourism and business in
Winchester. For example, tourism
income has increased from £292
million at the start of 2010 to
£358 million by the end of 2015.
Commercial Property Register
October 2017 – March 2018www.compropregister.com
There are a number of solid
reasons why the region is doing
so well and has the promise of
The first is that transport
improvements now on the cards
will free up a number of key routes.
Several of these are aimed at
eradicating the bottlenecks on the
A27/M27, such as the new bypass
There is also the upgrading of the M3 to a smart motorway and a
number of small improvements elsewhere on the south coast.
As part of the transport scene, there are the key roles of the airports
at Bournemouth and Southampton, with their attractions for high tech
businesses. Indeed, this theme of pulling in technology companies
extends widely through the region, notably at Southampton Science Park
and the role being played by the universities.
The industrial property market is particularly strong at the moment
and together with offices, there is a crying need for new developments,
although there are also optimistic signs here as well.
These are the essential ingredients for a modern industrial economy
and in the case of the region bring results in terms of boat building and
Rolls Royce Cars at Goodwood. It also helps to have a large Royal Navy
presence in Portsmouth, now substantially reinforced by the first of two
large aircraft carriers that act as massive symbol for the region.
RO is a property group which has proved to be fast on its feet in
choosing assets and locations in the UK that offer potential for growth.
At the moment the company clearly favours Southampton because it has
added to its purchase of Waterside Place in 2016 with the acquisition of the
1,630 sq.metres (17,550sq.ft.
) West Park House, which is in the centre on
the junction of Cumberland Place and Bedford Place.
Nick Moore of RO commented: “The property has prime asset
fundamentals providing good locational and income diversification to our
other Southampton asset. This is a city which is recognised as a strong
performer”. He noted that the office vacancy rate in Southampton was only
7%, or 27,870 sq.metres (300,000sq.ft
.), only a year’s supply.
Builders Stores have taken two units through London Clancy and
Colliers International in Portsmouth and Poole. In Portsmouth, it is a
2,787 sq.metres (30,000sq.ft.
) unit in North Harbour Spur and in Poole
a 3,252 sq.metres (35,000sq.ft
.) at Fleets Corner. Both agents are now
seeking a unit for Selco in the Brighton area.