Lambert Smith Hampton has fully let landmark office building Eagle Point in Segensworth in only eight months, following recent deals to Lorne Stewart and Portland Business & Financial Solutions Ltd.
Acting on behalf of Craigard Investments LLP, national commercial property consultancy Lambert Smith Hampton (LSH) has fully let Eagle Point, a 30,000 Sq Ft landmark office building in one of Hampshire’s key commercial hubs at J9 of the M27.
Companies Lorne Stewart Plc and Portland Business & Financial Solutions Ltd have both taken space at the property on 10 year and 5 year lease commitments respectively. The quoting rent was £12 per sq ft.
Lorne Stewart PLC, a UK leader in the engineering sector of the building construction industry, chose Eagle Point for its good transport links – close to junction 9 of the M27, midway between Southampton and Portsmouth – and the proximity to its existing facility, a short distance away in Swanwick.
The company has taken 3,612 Sq Ft of the first floor, west wing in the modern Grade A open plan facility which provides more economy of space and a joined-up approach to the business by residing on one single floor.
Portland Business & Financial Solutions, an industry leader in helping businesses deal with financial distress and achieving financial stability through better cash flow, relocated from Solent Business Park to Eagle Point.
Portland, which has taken 4,850 Sq Ft on the ground floor, was attracted in part by the completion of an impressive upgrade to the entrance and reception area by the Landlord, Craigard Investments LLP. Portland, was advised by Hellier Langstone.
Andrew Hodgkinson, head of the office division for LSH’s South Coast, says: “This is a fantastic outcome for all concerned. The investment our client has made in the building, coupled with its existing features of excellent parking, landmark location and superb access to the motorway made this a hugely desirable building in the marketplace. We were not in any way surprised by its success, despite a challenging market”.
Steve Godwin, director of Portland, said: “We chose Eagle Point as it offered the firm an opportunity to relocate to larger, modern facilities in a more prominent location, all of which help with our plans to expand the business.”
Paul Foster, Managing Partner for Craigard Investments, said: “In a challenging market, LSH has delivered. The two vacant suites were let within eight months – one of which had been vacant since construction eight years ago. Now fully let, well ahead of the business plan, we have achieved a significant return on our original investment. The service provided by LSH has been focused and exemplary throughout.”
