Market Insight

Flurry of recent deals at Lakeside North Harbour establish its position as a key south coast operational hub

March 21, 2017

Babcock, Capita and CT Automotive take up new space totaling over 65,500 square feet.

Lakeside North Harbour, the premiere business destination in the Solent Corridor, asset managed by Northwood Regional UK, has recently secured a trio of deals to let over 65,000 square feet of office space in Buildings 1000 and 3000. Babcock, Capita and CT Automotive, have all consolidated their presence at the business park signifying the strength of the services on offer and the high quality work environment.

The largest of the three deals will see Babcock, the UK’s leading engineering support services organisation, take up over 55,000 square feet of space. The deal is linked with an arrangement involving the outgoing tenants of the space, Capita, relinquishing its lease to take up an 8,500 sq ft office suite on a 10 year lease elsewhere at Lakeside North Harbour Office.

In addition, CT Automotive has now let a further 2,100 sq ft of office space at Lakeside, North Harbour. The space was ready to occupy, self-contained and provided a better office and working environment for the expanding local business which signed up to a new 10 year lease.

Commenting on the deals, Nick Turner, Director, Asset Management Northwood said: “We’re delighted that Babcock, Capita and CT Automotive have chosen Lakeside as the base to support their continued expansion. We receive a high level of interest from firms which have outgrown their head offices and are looking for a location that reflects the high level of investment that they are making across their businesses. The fact that Lakeside is not only attracting new tenants, but also seeing existing tenants either consolidate or take up larger space on site, is testament to our commitment to deliver high quality, modern office space that supports new ways of working.”

The firms join some of the world’s best known brands, including IBM, Porsche, Southern Co-Operative and Hippo in the landmark buildings nestled amongst 120 acres of mature landscaped grounds, yet within minute’s reach of the amenities of Port Solent.

For more information about Lakeside North Harbour, please contact the marketing agents, Philip Holmes at Vail Williams alternatively visit