A prominent city centre office property, marketed by Lambert Smith Hampton and Realest on behalf of Cavendish & Gloucester Properties has been acquired by Warner Goodman LLP for its new Southampton headquarters.
After receiving exceptional interest across multiple sectors – Hotel, Healthcare, and Residential, this superb office building has been sold to one of the city’s most prominent law firms for its own occupation.
Andy Hodgkinson, Director of LSH who acted for the vendor, says, ‘It is a very positive outcome that this rare freehold opportunity is retained as offices to avoid further loss of employment space. The sale is also a good outcome for the vendor, who is now investing in other development projects within Southampton and Hampshire.’
Lauren Udall, Director of Keygrove Chartered Surveyors, was appointed by Warner Goodman LLP to acquire the new Southampton office. Lauren Udall says, “Compass House is a modern contemporary building with parking in the city centre of Southampton. The building is in a prominent location in the heart of the city and keeps Warner Goodman close to the law courts, but is also only a short walk from the green open space of Southampton Common.”
Lauren continues, “The sale of the standalone building highlights the shift in the market to occupiers wanting higher quality office space as Warner Goodman will be fitting out Compass House to a CAT A finish.”
Managing Partner of Warner Goodman, Andy Munden, confirms, “A higher quality office space will improve staff retention and recruitment as it enhances the teams’ health and wellbeing. The new office is only a three-minute walk from our current location, ensuring we are still easily accessible to our existing clients. It will also provide an excellent opportunity to grow our team and support more people and businesses in the Southampton community with their legal requirements.”