01/02/2008
Construction is well advanced on a new 58,307 sq ft high-bay warehouse facility at Royal London Park, Flanders Road, Hedge End. The new Unit 1 which replaces a redundant printed circuit board factory formerly occupied by APW, is being built to the highest specifications and will stand out as the premier industrial / warehouse premises in the M27 region.
The project, which began over a year ago, is due to complete by the end of May this year and represents a multi-million pound investment by Royal London Asset Management in the area.
Stephanie O’Boyle, Asset Manager in charge of the project at Royal London Asset Management said, “We are pleased with the progress made so far on construction, and are looking forward to completion of the building. We believe this is the right product for the South Coast and will generate a good return on our investment.”
Unit 1 Royal London represents the first speculative construction of a sizeable, modern high-bay warehouse facility on the South Coast since the construction of Stoke Park in Eastleigh back in 2005, and will stand out in a class of its own. The unit itself will have a clear internal height of 10m, with air conditioned offices, and multiple loading doors suitable for both dock-level and warehouse level loading and receiving of goods.
Located within half a mile of Junction 5 of the M27, Unit 1 Royal London Park will also benefit from excellent road communications and is within a few minutes walk of Hedge End Retail Park, Marks & Spencer and Sainsburys.
Royal London Asset Management have appointed Vail Williams and Atisreal as joint letting agents on the new building which will be a welcome addition to the industrial and warehouse stock in the area.
Jason Webb, partner with the Business Space team of Vail Williams in Southampton comments, “This is a fantastic new development for the M27 area. There are very few buildings which will have the height, and therefore the storage capacity of Unit 1 Royal London Park. Couple this with the new unit’s excellent motorway access and I believe Royal London Asset Management have a winning combination that will appeal to a variety of occupiers.”
James Prowse of Atisreal said, “I anticipate anybody wanting a building of this size will put Unit 1 Royal London Park at the top of their list as it matches the modern requirements of logistics and manufacturing occupiers. There isn’t anything that competes in the market today.”
