focus on portsmouth
Council at centre of entrepreneurial city
Entrepreneurial Portsmouth City Council – which was a double winner in last year’s South Coast Property Awards – is proving it can be successful on multiple fronts
One of its developments, Dunsbury Park – which was named Business Park of the Year in the 2017 awards – will eventually comprise 665,000 sq ft of warehouse, manufacturing and office space, of which 80,000 sq ft has been let.
The prestigious industry recognition came after the council scooped two top awards at the South Coast Property Awards. Apart from Town/City of the Year, the council won Real Estate Executive/Team of the Year for its property and investment team.
Eventually the site, next to junction 3 of the A3(M) near Havant, will also have hotel and conference facilities totalling 60,000 sq ft.
The city council was also named Portsmouth’s second best industrial dealmaker of the year by CoStar, the global property intelligence firm.
The council’s successful leasing of the purpose-built manufacturing and industrial units it built in Limberline Spur, Hilsea Industrial Estate, put it behind only property consultancy firm Vail Williams in terms of industrial deals completed in the city in the past 12 months, according to CoStar.
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The council’s director of regeneration Tristan Samuels said: “We’re delighted that our top performance as an entrepreneurial, commercially-minded council continues to gain recognition from the industry particularly after such a successful year for our development, property and investment teams in 2017.
“Limberline is a top-class development. We built 22 high-quality, energy efficient units there to boost the local economy, to create more jobs and to generate new income for the council and it didn’t take us long to let them out to local businesses. Our main driver is to make Portsmouth an even better place to live and work but it’s a massive extra bonus to have our achievements, in competition with our private sector competitors, recognised for the third time in the past few months.”
Continued overleaf ... THE BUSINESS MAGAZINE – MARCH/APRIL 2018
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