Hampshire: New DHL premises bigger by 50%, says Lambert Smith Hampton

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TBM Team

International logistics company DHL has rented a 53,940 sq ft warehouse in Eastleigh from national commercial property consultancy Lambert Smith Hampton (LSH).

DHL has taken the warehouse on Stoke Park, Tower Lane, on a 10-year lease, at £7 per sq ft, secured by LSH on behalf of F&C Reit Asset Management.

Having experienced a significant increase in demand from its e-commerce and parcel distribution services, the move sees DHL increase floor space by 50% – relocating from two sites in Hedge End, Southampton, later this year.

The company has been looking for a suitable property for over two years and Stoke Park was chosen because of its modern, high-specification facilities with 10m eaves height and air conditioned offices, secure yard and easy accessibility to the M3 and M27 motorway networks.

Adrian Whitfield, director in LSH’s South Coast team, said: “We have been saying for some time there is a lack of supply of modern, quality warehouse facilities from 30-60,000 sq ft in the Hampshire area. This shortage on the South Coast of what we call the ‘mid box’ size range, has seen the rental value increase by 7% at Stoke Park with DHL highlighting the secure yard as one of its key features."

Stoke Park is strategically located off Chickenhall Lane, Eastleigh, within 2.5 miles of the M3 Junction 12, 1.5 miles of the M3 Junction 13 and two miles of the M27 Junction 5.

TBM Team