Federated Hermes has been granted planning consent to redevelop a 60,268ft² warehouse at Fleets Corner Business Park in Poole.
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 3,682ft² 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 19,000ft² Jessie Leigh Dance & Cheer Academy.
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.
Federated Hermes Real Estate asset management director Ian Cody said: “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.
“Unit A3 is the latest in a series of regeneration projects across the site, aligning with two new lettings at Fareham Reach.
“The combination highlights both assets’ position as prime business hubs and demonstrates our commitment to shaping places people and businesses want to be part of, which is precisely why they remain so compelling.”
