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25 football pitches of floor space traded in 12 months
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| The M27 corridor is proving fruitful for Vail Williams |
REAL estate adviser Vail Williams has announced that its M27 team bought and sold 1.2 million square feet of floor space over the past 12 months - the equivalent of 25 football pitches.
The firm's Southampton and Portsmouth offices achieved the milestone with a split of 618,500 sq ft for offices and 823,500 sq ft for industrial buildings.
Top deals throughout the year included 53,000 sq ft of brand new offices at Solent Business Park let to insurance giant Zurich and 45,000 sq ft of refurbished headquarters at Solent Business Park let to US defence firm Northrop Gruman.
Jason Webb, partner at the Vail Williams Southampton, office, said: "Vail Williams enjoyed a strong year on the south coast, and looking forward is involved in some exciting projects which should ensure that 2008 mirrors the success of the year that preceded it.
"On the industrial side we are joint letting agents on the 60,000 sq ft warehouse facility currently under construction in Hedge End by Royal London Asset Management, as well as being joint agents for UBS in Andover where consent has just been obtained for a 45,000 sq ft high bay warehouse.
"In terms of the office market we continue to be involved with The University of Southampton Science Park in Chilworth, where over 100,000 sq ft of new accommodation is being built at Benham Campus, along with Grosvenor House in central Southampton where a major new landmark building is proposed. At the eastern end of the corridor, the extensive refurbishment of 1000 Lakeside Business Centre at the IBM site in North Harbour has just taken place. We are now marketing 275,000 sq ft of office accommodation with suites available from 3,000 sq ft upwards."
10:40am Tuesday 6th May 2008
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