Dunsbury Park is a key strategic location that has been awarded Freeport Tax Site status within the Solent Freeport where normal customs and tax rules are relaxed or do not apply. The intention is that this will attract inward investment and stimulate business activity. Qualifying businesses will benefit from tax incentives include 100% business rate relief for five years, enhanced capital allowances, leasehold stamp duty tax reliefs and three years employers national insurance relief.
The speculative development comprises three new detached self-contained units of 18,965 sq ft, 26,242 sq ft and 32,507 sq ft. The buildings are being constructed to a high specification including 12m clear internal height, first floor fitted offices, generous yard and parking provisions, a BREEAM excellent rating and the latest ESG provisions. Further development land is available offering bespoke units up to 150,000 sq ft, built to an occupiers’ requirements.
Dunsbury Park is designed with a green infrastructure across the scheme to complement the inherent natural character of the established forestation and existing fauna, offering employees an ideal place to work.
The business park has already attracted a range of well-known companies, most recently Bio Pure Technology Ltd, a fluid-path component manufacturer for the bio-technology industry, which has recently occupied a 120,000 sq ft new build headquarters office and manufacturing space. In addition, the global distribution headquarters of Fatface, the lifestyle and accessories retailer, occupies an 80,000 sq ft bespoke building with 40,000 sq ft of expansion land.
International delivery giant DPD is a tenant in a 38,000 sq ft bespoke distribution unit and VW Breeze Motor Group has a 13,000 sq ft facility with an office and van servicing space.
James Haestier, director in the Industrial & Logistics team at Colliers commented: “I am excited to be advising Portsmouth City Council at Dunsbury Park, one of the main business parks on the south coast that is extremely well located. The new speculatively built units offer much needed space in this market and I’m confident the units will attract much interest.
“Furthermore, the business park is a socially responsible development designed to preserve the natural resources and wildlife of the surrounding area so prospective occupiers can provide employees with a working environment where they can take advantage of nature on their doorstep, a benefit supporting both physical and mental health.”
Harnish Patel, senior surveyor, Commercial Property & Investment at Portsmouth City Council added: “It is great to be working with Colliers and LSH to bring forward the next phase of speculative development at Dunsbury Park which will support employment growth and provide occupiers with a best in class product within a sustainable and socially responsible business park.”