Further lettings at Lakeside, Portsmouth

Posted on by John Cronin

Further lettings have been secured at a large business park in Portsmouth.

lakesideCommercial property specialist Highcross has announced further lettings at their Lakeside North Harbour Business Park in Portsmouth.

Since the start of the year lettings have been agreed on 70,000 sq ft of office space with a further 30,000 sq ft of floor space currently under offer. When agreed, these lettings will take the occupancy rate of the 1000 Lakeside building (pictured) up to 65%, with 85,000 sq ft remaining. Leases agreed at the speculative scheme account for 50% of the total office take-up in the Solent region in 2011.

Quoted rental prices at the scheme are from £16 / sq ft plus a service charge of £4.24 / sq ft. Various sizes of flexible office suites are available, starting at around 2,000 sq ft. A Regus business centre is also onsite, offering serviced office facilities. Incentives are available for prospective tenants, including rent-free periods.

Highcross has just agreed a letting of 54,000 sq ft on the 1st floor of the 4-storey building to an unnamed company. This letting surpasses what was the largest Hampshire office letting in 2011 at the Solent Business Park. Other recent tenants include The Southern Co-operative and Path Intelligence who leased 15,300 sq ft and 4,200 sq ft respectively.

Commenting on the latest lettings, Highcross director, Nick Turner, said: “These lettings secure Lakeside’s reputation as a leading location for business and demonstrate the range of high quality space available to companies employing from 10 to 300 staff.”

Marketing agents for 1000 Lakeside are Hughes Ellard and Vail Williams.

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