Developers Oceanic Estates have begun construction of a major new business park development in Southampton designed to provide much-needed space for small to medium-sized businesses.
The scheme at Adanac North, Adanac Drive, Southampton, includes 32 leasehold units ranging from 3,434 sq ft to 76,985 sq ft, providing a wide range of sizes suitable for small to medium-sized businesses. The scheme is on track for the units to be available for occupation in May of 2020.
The commercial property teams at Lambert Smith Hampton (LSH) and Keygrove Chartered Surveyors have been appointed as joint letting agents to the scheme.
Andrew Archibald, Director at Keygrove, said: “Adanac North is the first new high-quality light industrial and office development in the area to be built in a decade and offers premises ideally suited for small to medium-sized businesses in the industrial, research and development sectors as well as those associated with the nearby port, science park and university.”
Adrian Whitfield, Director, Industrial at the South Coast offices of LSH, said: “Adanac North is one of the best locations in the region, at the gateway to Southampton at Junction 1 of the M271 at Nursling between the city centre, docks and the M27.
“We are confident demand will be high as these new units will meet a gap in the region’s commercial property market, which has previously focused on larger warehouse units.”