Fareham Business Park is launched

Work is now well underway to transform Oceanic Estates’ latest development Fareham Business Park into an exciting new opportunity for South coast businesses to secure quality commercial premises on competitive and flexible terms.

Originally the home of a US based global healthcare company, CBRE sold the 11.3 acre site to Oceanic Estates, one of the South’s major property companies in April 2012. CBRE and Jones Lang LaSalle have been appointed as joint marketing agents for Fareham Business Park which is located just 1.5 miles from Fareham Town Centre and 2 miles from junction 11 of the M27.

Commenting on the site’s launch, CBRE Associate Director Nick Tutton says: “since we sold the site to Oceanic Estates earlier in the year, they have been working hard on plans to rejuvenate the area with a view to returning it to a busy employment site once again”.

Local MP Caroline Dinenage was invited to start the initial demolition of the redundant office building at the front of the site by John Hughes of Portsmouth based demolition contractor Demolition and Salvage Limited, whose work covers the South of England with other notable projects including the recently demolished St. Mary’s Hospital, Portsmouth and emergency works at the Savoy Buildings fire in Southsea.

Matthew Poplett of Jones Lang LaSalle adds: “Oceanic Estates is committed to a proactive approach to marketing the available space, offering the choice of fully refurbished units from 10,000 sq ft up to 120,000 sq ft. Alternatively, it could build a new bespoke facility to suit an occupier’s particular specification. Once these initial demolition works are completed, we will be able to offer the rare opportunity of a 2.4 acre site with the benefit of a 160m frontage to the busy A32 main road”.

Harry Hutchinson, Director at Oceanic Estates comments: “We saw the potential of this site and our knowledge of the region gave us the comfort to purchase it. We believe that for the right product, there are still companies out there looking to improve their property holdings and we are able to consider a variety of commercial uses. We are already in detailed discussions with a number of interested parties which gives us confidence that occupiers will be on site in the short term”.