focus on southampton 21
New 78-acre multi-use complex at planning stage
Disused land on the outskirts of Southampton could become a thriving complex featuring offices, warehouses, a care home and houses, creating more than 3,000 jobs.
Plans have been submitted to both Test Valley Borough Council and Southampton City Council for the 78-acre site at Adanac Park, which is owned by Barker-Mill Estates and is situated adjacent to the M271.
Part of the site is occupied by the Ordnance Survey’s £40 million headquarters and a Holiday Inn.
The master plan features a wide range of different types of employment space, including offices, industrial units and storage operations.
There is more than 47,000 sq m of business space spread over four plots of land, including a redeveloped Yew Tree Farm building, 31,700 sq m of storage and distribution space, including one, 27,600 sq m storage and distribution centre directly to the north of the Ordnance Survey headquarters.
The plan also contains two separate housing plots, to the north of the site off Nursling
Street, which would have 26 homes and an 80-bed care home. The other is around Bargain Farm, which would feature 23 homes with a nearby restaurant.
Barker-Mill Estates estimates that, if the plan comes to fruition, some 3,600 new jobs will be created. Outline permission would, if approved, make the site more interesting to potential businesses and investors.
Despite planning permission being granted for a large company headquarters in 2008 and 2009, Barker-Mill Estates was unable to find an organisation to occupy the entire site.
Southampton City Council leader Simon Letts said: “It’s important that there is a sufficient supply of land in the area that can support economic growth. Barker-Mill Estates is working to provide this, with a flexible approach to the development at Adanac Park, bringing job opportunities to the area while also delivering housing in the region.“
Planning committees are due to make decisions on the applications by May 16.
Management group reaches all corners of the globe
More than $8 million has been recovered to date by liquidators of a geophysical contractor which carried out seismic data surveys in the search for hidden reserves of gas and oil under the world’s seas.
The recovery services arm of Smith & Williamson, the accountancy and investment management group, is winding up the financial affairs of RXT (UK). Unsecured creditors will start to see some of their money flow back following work by Greg Palfrey and his team at the south coast office of Smith & Williamson in Southampton.
RXT ASA filed for bankruptcy protection in Norway last June after encountering unforeseen operational difficulties and failing to attract a long-term industrial partner following a group restructuring. It was placed into liquidation by Smith & Williamson in September.
Palfrey said: “There is a truly international dimension to this case; RXT’s vessels were active in the Gulf of Mexico, Atlantic, North Sea, Caspian Sea and Irish Sea. This particular case shows how diverse our workload is here in Southampton, from local and regional cases involving the retail motor trade, civil engineering, printing and the private school sector to companies with a global footprint.“
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – MARCH 2014
www.businessmag.co.uk
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