Federated Hermes has announced 34,000 sq ft of deals across its southern warehouse and logistics asset, Fareham Reach Business Park, in Gosport.
Life Couriers UK Limited, the country’s leading healthcare logistics provider, is doubling its warehouse presence at Fareham Reach. Signing to take Unit 620, the additional 27,231 sq ft brings its total footprint at the park to 55,076 sq ft. The increased space at Fareham Reach will allow the business to relocate its office headquarters from off site to under one roof, and facilitate the next stage of growth for the company.
In addition to the Life Couriers UK Limited letting, there has been a double office renewal for The Police and Crime Commissioner for the Hampshire Police Area (PCC). It has recommitted to a total of 6,669 sq ft of office space within the business park.
Fareham Reach benefits from an on-site Estate Manager and on-site security, with a 24-hour helpdesk to ensure the best possible occupier experience. Amenities include Rosario’s & Co, a café offering exclusive discounts for the circa 500 people who work at the business park, and even a Go Karting track often used for team building.
Ian Cody, Asset Manager at Federated Hermes, commented: “Fareham Reach is strategically nestled on the south coast, in the heart of the M27 corridor and close to the freight ports of Southampton and Portsmouth. That accessibility makes it a consistent location of choice for national and local businesses alike. Add to that continued investment, enhancing the warehouse and office provisions at Fareham Reach, and further development plans this year to create new opportunities, and you can see our business park strategy in action. Life Couriers and the PCC have committed to Fareham as a consequence, seeing a perfectly pitched location that is evolving with their needs.”
Peter Smith, Managing Director at Life Couriers UK Limited, said: “Expanding within Fareham Reach will allow us to further service trusted private healthcare providers and the NHS across the UK with our award-winning logistics services. Taking a second large quality warehouse space in the well-located park is evidence of our business’ growth and bringing our office headquarters to the site will be a game-changer for the company.”
Located on the south coast between Southampton and Portsmouth, Fareham Reach Business Park offers a range of opportunities for all sizes of businesses. From large, modern, purpose-built warehouses to smaller industrial units and flexible office spaces, Federated Hermes tailors opportunities to each business’ needs.
JLL is the asset manager for Fareham Reach, and acted for Federated Hermes on the deals.
