Fiera Real Estate and Wrenbridge complete letting at prime Portsmouth logistics site

Fiera Real Estate (“Fiera”) and Wrenbridge are pleased to announce the letting of a 35,285 sq ft unit at their exemplar Grade A logistics scheme, Sonar, in Portsmouth.

Hectic Europe is an EMEA brand incubator and has chosen this highly sustainable logistics development to support their ongoing expansion plans.

Sonar, Portsmouth offers market leading sustainability credentials such as BREEAM Excellent, EPC A rating, CO2 efficiency, heating and cooling systems, as well as PV panels and EV charging points, giving substantial reductions in energy consumption and associated costs to occupiers.

The site was purchased through the Fiera Real Estate Opportunity Fund V UK (“FREOF V UK”) and benefits from being located between Limberline Road and Norway Road, adjacent to Hilsea Rail Station and moments from the M27, making it one of the best-connected sites in Portsmouth.

Demand for distribution warehouses has remained robust across the UK and market resilience has resulted in positive rental growth, fuelled by the combination of a demand/supply imbalance and the requirement to be located close to the customer. Sonar is helping to fill the gap in the lack of existing Grade A mid-sized supply in the local area. 

One further unit is under offer, leaving five units remaining at Sonar ranging from 5,498 to 16,942 sq ft. With significant interest on all remaining units, please get in touch with our agents if you have a requirement to ensure you don’t miss out.

Will Jarman comment: “We are delighted to welcome Hectic to Sonar. We have more deals happening and it is brilliant to see our scheme allowing businesses to flourish.”