Lack of commercial property units is seeing big firms look to the south

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MORE than £25m worth of commercial property deals have been brokered on the south coast by the regional office of a national company this year.

Lambert Smith Hampton says the regional market, in particular in the south east and the solent, are becoming popular with major UK institutions and property companies looking to invest and in search of a slightly higher yield compared to central London.

The LSH South Coast capital markets team has been involved in a number of high profile transactions, the majority of which have completed off-market to major institutions and local clients.

One of those highlights was advising Threadneedle on the acquisition of Titchfield Park Industrial Estate in Segensworth, which was a deal worth more than £9.3m.

The estate amounts to approximately 135,000sq ft and was purchased from Highcross with the majority of the space let to Meggitt Plc.

Another saw the company advising Lewis Investments on the acquisition of Unit 2 Stephenson Way, Segensworth, for Goldman Sachs for £3m.

Jerry Vigus, director of South Coast capital markets at LSH, said: ‘It has been a busy and productive year working with a number of UK Institutions and property companies looking to add to their portfolios on the south coast.

‘Investors are attracted to the south coast due to the lack of supply of quality industrial and office buildings and see this as an opportunity to acquire particularly in an area where there is limited supply.’