The international business of Federated Hermes has announced British online décor business, Happy Homewares, is significantly expanding its existing warehouse space at Fleets Corner Business Park into a neighbouring 13,105 sq ft unit.
Happy Homeware is growing its business into a second unit, G2, immediately next door to its existing space in unit G3. The move will see them occupy a combined total of 25,000 sq ft, with the units being combined to allow for the smooth and efficient running of the business in its larger home. The upsizing will help Happy Homewares expand its business as demand continues to increase as the economy picks up pace.
The deal now completes the leasing of the five newly constructed warehouse units totalling 90,000 sq ft at Fleets Corner, with the other occupants being Lush Cosmetics, Rattanpark Furniture and Cutwrights. The warehouse space has been built to a high specification, fit for modern industrial occupiers, benefiting from an an internal eaves height of 10-12 metres, electric up-and-over loading doors, significant parking and unloading space and a BREEAM Excellent rating. The rent agreed for the unit is £9.50 per sq ft. .
Fleets Corner also benefits from the business park’s prime location, with good road links via the A31 to the M27 and M3 motorways, the international port at Southampton, the UK’s fourth largest, and international airports at both Bournemouth and Southampton.
Stephen Ellis, Senior Investment Manager, International Business of Federated Hermes, commented on the signing: “We are very pleased to have supported Happy Homewares in its expansion with the provision of more high quality space at Fleets Corner. Hermes has made a considerable investment in the warehouse units to make them suitable for the business of today. We have also invested heavily in upgrading and expanding the facilities across the business park, with new unloading bays and the recently completed Travelodge hotel. The refurbishment and modernisation of the site, combined with its prime location, makes Fleets Corner one of the most in demand locations in the region among ambitious businesses.”
Sam Haysom, Managing Director of Happy Homewares, added: “Fleets Corner has been the perfect home for Happy Homewares since we took occupation in October 2020. The high quality, modern warehouse space has allowed us to run our operations seamlessly and is why we have taken the decision to upsize here. Expanding into the neighbouring G2 unit means we can continue to grow in a world-class business environment.”
The upsize follow the news Cutwrights and Rattanpark Furniture have also taken warehouse space at Fleets Corner Business Park alongside Lush Cosmetics who has recently expanded into the 40,000 sq ft Unit M warehouse. They join CityFibre, the UK’s largest alternative provider of wholesale fibre infrastructure, which has let 2,400 sq ft of office space at the recently refurbished Waterloo House at Fleets Corner.
Galena Real Estate and JLL and Goadsby acted for Hermes on the deal.
