LSH facilitates sale of Southampton site to MDL Marinas

Published by

Daniel Face

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 tenants seeking workspace in a marina setting.

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.