Royal London Asset Management Property and development manager Graftongate have submitted a planning application for a new £140m GDV industrial and logistics scheme in Hampshire.
The Fareham Distribution Park scheme will deliver four units on a 24-acre site, ranging in size from 94,148 sq ft to 199,496 sq ft. Formerly known as Abbey Works, the scheme also has the flexibility to accommodate a single unit of up to 550,000 sq ft.
The BREEAM Outstanding-rated units will be available for occupation in Q1 2028, following Eaton Corporation’s move to its new 176,000 sq ft aerospace facility at Daedalus, which is also being delivered by Royal London Asset Management Property and Graftongate.
Matthew Barnes, investment manager at Royal London Asset Management Property, said: “We are pleased to be moving forward with our plans for development at Fareham Distribution Park. This site is rare in the south coast market for both its scale and its connectivity, and we are looking forward to delivering best-in-class industrial and logistics facilities for prospective occupiers, in line with our development strategy.”
Alex Thomason, director at Graftongate, added: “Working with Royal London Asset Management we are pleased to progress Fareham Distribution Park to planning submission. The scheme is exceptionally well connected and will provide much needed high quality industrial/logistics space in the south coast market. We look forward to speaking to prospective occupiers.”
DTRE and CBRE have been appointed as joint leasing agents at Fareham Distribution Park.
