It’s a (Christmas) wrap as first business lands at Concorde Park
Thursday December 17th, 2020
Car wrapping specialist Amigo Wraps is the first company to move into one of 10 brand new industrial units in Segensworth, Fareham Hampshire.
A 25-year-old entrepreneur is the first occupier to lease a unit at a brand-new light industrial and logistics park by the M27 in south Hampshire.
Property consultancy Vail Williams manages the 10-unit scheme, comprising units from 3,0000 sq ft to 40,000 sq ft, on behalf of developer and owner Kingsbridge Estates.
Totalling 91,000 sq ft, the speculative scheme, just off junction 9 of the M27, is aimed at manufacturing, light assembly and storage and distribution.
On behalf of Kingsbridge Estates, Russell Mogridge, a Partner from Vail Williams’ Solent Business Space Team, drew Amigo Wraps’ attention to Concorde Park.
He said: “Amigo Wraps is Concorde Park’s first occupier and we have strong interest in all of the other units because of the quality build, convenient access to the port cities of Southampton and Portsmouth and a market shortage in similar commercial buildings along the M27 Solent Corridor.
“Strong demand, due to the lack of supply, has been reflected in rental prices, which are now more than £2 a sq ft than originally forecast.
“We also anticipate lettings from logistics companies involved in last-mile deliveries – online ordering has become the norm for many households and businesses.”
Amigo Wraps was founded four years ago by Alan, from Southampton, who cut his teeth in the car wrapping industry. The growing business has three staff – Alan, vehicle enhancement specialist Ben Parnell and receptionist Chelsey Durman. Another employee starts in the new year.
As well as site management agent, Vail Williams is sole joint agent with CBRE.
Joint agent Oliver Sherriff, Senior Surveyor at CBRE, added: “Concorde Park is a much needed industrial site for the south coast. Since completion, there has been a good level of enquiries from businesses requiring space in the region. It’s great to see Amigo Wraps up and running and we wish Alan and his team every success for the future.”