As we all returned to our offices after the Christmas break, we were delighted to see longstanding clients, Chemring Group plc and market leader, Hayes Specialist Recruitment move into their new office accommodation on the Solent Business Park and in Southampton respectively. These two deals represented over 30,000 sq ft of accommodation being transacted during the first month of the year.

February resulted in the completion of a 10,000 sq ft letting at Fusion 1, a landmark office building at the entrance of the Solent Business Park where Interbay Mortgages took a lease on the ground floor. It also brought nearly 50,000 sq ft of new instructions from clients such as Legal & General, PricewaterhouseCoopers and Winchester City Council. These instructions were welcomed as there is a distinct lack of space available in the market.

March brought more good news for our office agency division, with terms being agreed on 23,000 sq ft of accommodation within Fusion 1 on the Solent Business Park, and a letting of over 7,500 sq ft of Grade A refurbished space on Town Quay to The Insolvency Service.

In summary, we are delighted to report a great deal of activity within the office sector, and providing there is more new stock in the market, we envisage a lot more activity throughout 2007!!

For more information in connection with Office Agency or development in or around Southampton, please don't hesitate to contact Simon Mussell on 02380 330041 or email smussell@lsh.co.uk