Federated Hermes has been granted planning consent to redevelop a 60,268 sq ft warehouse at Fleets Corner Business Park in Poole, providing a comprehensive industrial refurbishment and the creation of modern office accommodation. This coincides with a duo of tenants signing for space at Fareham Reach Business Park, highlighting significant investment and occupier demand across the two assets.
The £2.4m programme for Unit A3 at Fleets Corner comprises the complete removal of the existing roof, including installing a new metal deck with a built-up metal roofing system incorporating new rooflights. The refurbishment will include a new mezzanine level to create 3,682 sq ft of modern office accommodation, complementing the existing office provision on-site. Due to complete in Q1 2027, the building will be fitted with a new platform lift, WC and shower facilities, LED lighting, AC installation, and a suspended ceiling.
Located along the south coast in Gosport, Fareham Reach has secured two tenants to new leases, including the 19,000 sq ft Jessie Leigh Dance & Cheer Academy. The newly launched space offers the academy’s inclusive, world championship program, hosting classes suited to a range of ability levels. This high-quality, community-focused addition to the asset is joined by UK and Ireland’s fastest-growing motor factor, GSF Car Parts, which has also agreed a new lease on Unit 810.
Collectively, these additions speak to the breadth of opportunity available across Federated Hermes’ portfolio, where a versatile mix of both national and local businesses can continue to thrive spaces strategically located and designed to meet their varied office and industrial needs.
Ian Cody, Asset Management Director at Federated Hermes Real Estate, commented: “We have invested significantly in Fleets Corner to continue its evolution into a next-generation business park, providing a first-rate warehouse and office provision for both national and local companies.”
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