CONSTRUCTION work has started on the final phase of new industrial and warehouse units.
Lambert Smith Hampton is in talks with potential occupiers for the £1.6m 24,760 sq ft scheme at Hamilton Business Park in Botley Road at junction 7 of the M27.
The steel frame is being put up this month, with space available in September.
The development can be offered as a whole unit or driving into units from 5,325 sq ft.
Adrian Whitfield, industrial and logistics director for LSH on the south coast, said: ‘This is a welcome addition to an established and highly successful business park in a prime location.
‘It marks the first new speculative development in Hedge End since Flanders Industrial Park and Wellington Park in the late 1990s, and is the first multi-let industrial opportunity in the wider Southampton area for a decade.
‘We believe this new opportunity at Hamilton Business Park will fill a gap in the market for high quality industrial and warehousing space and capitalise on the strong rental growth experienced on older industrial stock in the last five years.’
James Belbin, senior surveyor at Hargreaves, said: ‘We are very excited to be launching this new development with the support of Lambert Smith Hampton.
‘This investment represents the culmination of many years of development by the Hargreaves Group in the Hedge End area, which first started with the development of Nelson Business Park and six warehouse/industrial units in 1988.
Hamilton Park is easily accessible from the B3035.