Delancey has fully let phases one and two of its Proxima Park industrial development near Portsmouth, after leasing the 41,570 sq ft Unit 320 to Kite Packaging.
Kite has taken the unit on a 15-year lease with a tenant only break in year 10. All of the units at Proxima Park, which is located in the Waterlooville town industrial area, are BREEAM Excellent and EPC A rated.
The site spans 24 acres and phase three of the development offers a further 284,000 sq ft of new grade A industrial and logistics space, with outline planning consent already in place.
Matt Ellis, asset manager at Delancey, said: “Occupier demand for best-in-class industrial space with excellent sustainability credentials remains high, which is demonstrated by the lettings success we have seen at Proxima Park.
“Its prime location near major transport arteries is essential for the range of high-quality tenants already in place at the site and this latest letting, to Kite Packaging, means phase one and two are now fully let. Phase three will comprise several speculative and build-to-suit units and we look forward to progressing these alongside our future tenants to deliver best-in-class space that meets their specific requirements.”
Delancey was advised by CBRE and Vail Williams, in conjunction with Equation Properties.
