All posts tagged: LSH

LSH facilitates sale of Southampton site to MDL Marinas

LSH facilitates sale of Southampton site to MDL Marinas

Waterstone Marine Facility has been sold to MDL Marinas in a deal facilitated by Lambert Smith Hampton (LSH). The waterside facility on Lower William Street covers 3.2 acres and comprises a mixture of office, industrial and warehouse space totalling 83,073 sq ft. It was previously occupied by the industry-funded cooperative Oil Spill Response Limited (OSRL), which is now looking to move premises to Strategic Park in Hedge End. LSH oversaw both the sale to MDL Marinas and the acquisition of OSRL’s new home. Dan Rawlings, head of South East industrial & logistics at LSH, said: “It was a great team effort to advise OSRL through our I&L team advising and negotiating in various capacities. “Securing a sale of this stature in the current market, with the process withstanding multiple turbulent economic factors throughout marketing, was a great achievement on our team’s behalf.” As previously reported, MDL acquired the 3.2-acre plot to provide expansion opportunities for Shamrock Quay Marina and nearby Saxon Wharf Marina. It plans to rent out the office building on site to potential …

LSH South Coast team caps off busy year with total deal value of £25m+

LSH South Coast team caps off busy year with total deal value of £25m+

Lambert Smith Hampton’s South Coast team has been named as the most active and successful commercial property agency in the region. The accolade follows top awards for its industrial and office transactions in the recent CoStar Awards. The LSH team has transacted well over 100 occupational deals in the business space sector worth more than £25 million (excluding investment transactions) in the region over the past 12 months. It has acted for high profile schemes including Lakeside North Harbour in Portsmouth, Langstone Park in Havant and Southampton Science Park. Read the March 2024 issue of The Business Magazine, including our feature on skills CoStar rankings are based on a detailed analysis of the thousands of deals collated by analysts during the course of 2023. In the industrial category, LSH topped the rankings for both most active disposal agent in terms of sq ft and number of deals in the region, transacting 731,000 sq ft of space across 67 deals. Meanwhile the office team led the charts for most active disposal agent in volume of sq …