One of the largest deals by workspace size in the Solent region this year has taken place.
Property consultancy Vail Williams, acting on behalf of Portsmouth City Council, leased 34,018 sq ft of warehousing and offices to print media specialist G3s Group Ltd.
The graphics supply company, which expanded into Europe from starting out as a family company in 1981, signed a 15-year headquarters lease on 9 Northarbour Road, Cosham, at £5.64 per sq ft, equivalent to nearly £192,000 per annum.
Oliver Hockley, a surveyor working out of Vail Williams’ nearby office at Lakeside North Harbour business campus, said: ‘Based on square footage, this transaction represents of the largest workspace deals in the Solent region, which is home to 42,000 businesses, this year.
‘According to a design economy study by The Design Council, the design economy contributed £97.4 billion to the UK between 2019-2020 and employed one in 20 workers – nearly 2 million people.
‘Companies like G3s Group Ltd are part of this thriving ecosystem of graphics, craft, design, fashion, product design and architecture, to name but a few powerhouses.
‘The two-storey, detached property is strategically located for the nearby M27, the ports of Portsmouth and Southampton and public transport such as Cosham mainline railway station, with Lakeside North Harbour business park opposite, with its retail facilities, and Village Hotel which includes a gym and pool.
‘It’s very much a warm welcome to G3s Group Ltd, which outgrew a unit at Oak Park Industrial Estate, just up the road from the company’s new UK headquarters.’
Covering 1.73 acres, 9 Northarbour Road has a large secure yard, extensive parking, three warehouse bays and two loading doors.
