Work begins on £25m southampton industrial scheme

The 8.5 acre Alpha Park site sits just outside Southampton

BlackRock has agreed to forward fund the development of a £25m industrial scheme near Southampton.

Bericote Properties has recently started construction of the 159,000 sq ft Alpha Park development after gaining planning permission in April.

Once complete, the scheme, located on an 8.5-acre section of the existing Chandler’s Ford Industrial Estate, will comprise one unit of 84,311 sq ft, another of 53,818 sq ft and a third measuring 19,414 sq ft.

The new scheme is expected to complete in the third quarter of 2017.