Mystery investor takes 100,000 sq ft at Fairham Business Park

Works have begun at Plot A4 on Fairham Business Park after FHP Property Consultants secured a deal for the 100,000 sq ft plot.

The mystery occupier has taken the space next to the standalone units at the site, totalling 260,000sq ft, and bought by international property investment and asset management company, Hines and a custom built 56,000 sq ft facility for Scientific Laboratory Supplies.

The new premises will be comprised of a 95,379sq ft warehouse with 12,292sq ft office and welfare space over three storeys. Clowes will be providing a fully photovoltaic (PV) ready frame. The unit is expected to be ready for occupation by the summer of 2024.

Tim Gilbertson, director at FHP Property Consultants, said: “It’s fabulous to see the ongoing development of Fairham Business Park continue at pace following completion of the latest deal for a 100,000sq ft standalone building.

This deal quickly follows on the heels of the letting and completed building for Scientific Laboratory Supplies and will be the fifth building on Fairham Business Park with completion due and handover of keys set for mid-2024.

“The continuity of development on site is startling as TanRo will now be building out their fifth building on the site without downing tools and we hope, with ongoing discussions with a number of parties for further buildings on the site, that they can continue building well into mid-2024 and beyond without a break.”

Ben Hall, director at IMA Architects added: “It’s fantastic to see the next phase being brought forwards at Fairham to deliver this unit for a bespoke occupier, and having seen the changes on site over the past 18 months the next phase will continue the fantastic progress the business park is making. IMA Architects are delighted to continue the relationship with Clowes Developments with regards to this next phase and look forward to seeing work progress.”