Following the £43 million acquisition of The Forum at Solent Business Park by Curzon Capital Partners IV (CCP IV), the core-plus fund advised by Tristan Capital Partners, CBRE and Hughes Ellard have been appointed to market the available space.
The 23,400 m2 (252,000 sq ft) Forum campus consists of five office buildings and ten acres of development land, making it the largest site on Solent Business Park. Over 75% of the office space is occupied by major tenants including HSBC, Specsavers, Randstad and Regus.
There is a total of 60,000 sq ft available at Forum providing the highest quality space on the park, with suites to let from 7,800 sq ft at a quoting rent of £19.00 per square foot.
Solent Business Park is located between Southampton and Portsmouth, within easy reach of both Southampton International Airport and Southampton Parkway mainline rail stations, with easy access to the M27 and A3. It benefits from the recent redevelopment of the Whiteley Shopping Village which has substantially increased the leisure and retail amenities available to the occupiers at Solent Business Park.
Guy Bishop of Alchemy Asset Management, who is responsible for the letting and management on behalf of the new owners, explains the strategy for the future – “We believe there is a considerable opportunity to take The Forum to the next level and we will be looking to further improve its look and feel both from the perspective of the existing occupiers and of prospective tenants.”
James Brounger, Managing Director of CBRE’s South Central Region comments: “We are delighted to have been appointed to become part of the Forum team and we are very confident that a combination of improving market conditions and Alchemy’s plan will ensure that Forum becomes the first choice for occupiers along the M27 corridor.”
Nik Cox of Hughes Ellard added: “As a result of its strategic location Solent Business Park is increasingly popular with occupiers. There has been a significant increase in activity along the M27 corridor in the last two years and with the continued reduction of premium office space, the Park has seen a marked uplift in occupier interest.”
