The Business Magazine - B2B Business News - Site Logo

Warning: Undefined array key "tbm_visit_edition_me" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 27
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Marine engineers SMS Group take new warehouse in Southampton

The Business Magazine article image for: Marine engineers SMS Group take new warehouse in Southampton
Empress House in Southampton
20 June 2024
Empress House in Southampton

Marine engineering firm SMS Group has expanded its refurbishment and interior outfit business in Southampton with the purchase of an industrial property and warehouse.

The newly refurbished Empress House comprises a 10,019 sq ft industrial and office building and was marketed by commercial property agents Keygrove Chartered Surveyors for an asking price of £1.25 million.

Chris Norman, managing director of SMS Group, said: “This investment is the latest milestone in the growth of Dan Lockyer’s business.

“Dan and his team have delivered year-on-year growth resulting in SMS delivering multiple seven figure work packages routinely and simultaneously – we need the space to continue growing.

“It’s equally important that as our marine refurbishment and interior outfit business continues to grow that we attract the very best people locally.

“We intend to turn Empress House into a dynamic, fun, and inspirational place to work. It will be our home for years to come.”

Lauren Udall, director at Keygrove, added: “The interest in Empress House exceeded expectation with numerous parties making offers.

“The lack of good quality freehold industrial stock in the South Hampshire region is evident despite political uncertainty.

“We’re delighted to have found a Southampton based company to take the space.”


Share 

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.

Latest deal ticket

All deals
  • Bluewater Shopping Centre (Kent)
    has sold an additional stake to
    Property investor Landsec (London)
    June 2024
    £120m
    Who's behind the deal?
  • Insurer Atec Group (Oxfordshire)
    has been acquired by
    Private equity firm Perwyn (London)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • Rubber products supplier Kopak (Hertfordshire)
    has been acquired by
    Rubber products supplier SJG International (Warwickshire)
    June 2024
    UNDISCLOSED
    Who's behind the deal?

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
cross