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Nearing a Full House at Southampton Trade Park

New letting of Space at Southampton Trade Centre

Acting on behalf of CBRE Global Investors, formerly ING Real Estate Investment Management, national commercial property consultancy, Lambert Smith Hampton (LSH), has sealed a further deal at Southampton Trade Park. With the remaining two units under offer, this latest deal sees the park nearing full occupancy within 12 months of the team being instructed alongside joint agents, JLL.

Unit 5, totalling 3,120 sq ft, has been let on a new 10 year lease to Hydroscand – a company assembling and distributing hoses and fluid connectors to an international client base. Founded in Stockholm in 1969, Hydroscand went on to acquire a British company in 2002 before opening two depots in Gloucester and Redruth. Today, the company is established in 15 countries all over Europe, with more than 120 branches. Its new depot at unit 5 Southampton Trade Park will see its South Coast operations move from smaller premises at Mayflower Park, Hedge End. A rent of £24,960 per annum was agreed.

Adrian Whitfield, Director in LSH’s South Coast Agency team, commented: “The proximity of the scheme to Southampton Docks was one of the key deciding factors in Hydroscand signing for new space. The company prides itself on being close to its customers, and to be based at the heart of such a successful scheme with an excellent mix of trade, industrial and logistics occupiers ultimately drove this deal at Southampton Trade Park.

“Only two units remain available at the park, both of which are under offer. When these deals are signed, LSH and JLL will have achieved a 100% occupancy rate since being appointed as joint market agent in December 2010; no mean feat in the current economic climate.”

Posted by Michael Gillespie (wantspacegotspace Limited) on 30th November 2011 (updated 09/04/2013)

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