Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Surrey-based property development and investment company Nationwide Developments–launched just last week–has announced the completion of its first industrial development. The rent it achieved at its scheme in Winchester, Hampshire, hit £8 ($12) per sf: a record for the city. Moorside Point, Moorside Road, Winchester, is a new light industrial/distribution development located on the established Winnall Industrial Estate close to junction 9 of the M3.

Unit 1 at 3,918 sf was let to Warren & Sons, represented by Warwick Martel, on a 20-year lease with a break clause at the 15th year. Unit 2 at 4,951 sf let to LH Conservatories on similar terms. Both units are on ground and first floor.

“My vision for Nationwide Developments is to build quality new developments in easily accessible locations. To get off to such a good start at Winchester is extremely satisfactory,” said Nationwide Managing Director David Skinner.

Humberts and Neilson Holt advised Nationwide, which acquired the development from developer Medhouse prior to the second letting.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.