Royal London Asset Management Property has leased a 63,000ft² unit at Quest 271 in Nursling, Southampton, to wholesaler CLF Distribution.
The long-term lease represents the first letting at the recently completed mid-box development with two further units available of 51,000ft² and 45,0000ft².
The property is a former office and print facility and was acquired by Royal London Asset Management Property to be redeveloped in partnership with Salmon Property.
The scheme features 12 metre eaves, roof-mounted solar panels, electric vehicle charging points, as well as being BREEAM ‘Excellent’ and EPC ‘A’ rated.
Senior asset manager at Royal London Asset Management Property Matthew Barnes said: “We’re delighted to welcome CLF to Quest 271, our best-in-class scheme in Southampton.
“The South Coast logistics and industrial sector has experienced continued growth in occupier demand over the past five years, but supply, particularly of prime space, has been constrained.
“CLF’s investment is a testament to the strength of the location and the quality of the asset we’ve created, alongside our partners Salmon Property.
“In line with our commitment to provide long-term returns for Royal London members, we are pleased to have delivered a scheme that meets the demand of occupiers looking to future-proof their businesses.”
