New £9 million project will boost industrial space in Portsmouth

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The shortage of industrial space in Portsmouth could be eased with the city’s first speculative development since the economic recession in 2008.

Pioneer Park is a new 
£9 million project, brokered by property consultancy Vail Williams and Doherty Baines, delivering 70,000 square feet of warehouse and distribution capacity.

The project is set for construction on a three-acre site in Portfield Road, at Voyager Park.

It is hoped that the project will be complete to offer units to rent or buy from next summer.

Businesses will have a choice of premises ranging from 5,000 to 47,500 square feet, which will provide extra facilities needed in Ports-mouth to generate new jobs and economic activity.

Philip Holmes of Vail Williams said: ‘We are already receiving strong interest in Pioneer Park, which illustrates the pent-up demand for this kind of industrial space in Portsmouth.

‘As the market improved after the economic slowdown we saw rapid take-up of existing stock and a drop in the supply of quality industrial space.

‘This is part of the turning point in recharging the city’s capacity to do business.’

The project will offer high- quality units, which will feature full-height loading doors and first floor mezzanines for storage or offices, as well as ample parking and landscaped surroundings.

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