Town Quay

Southampton

Selected as Development Managers following a competitive reporting and interview process, BHP is assisting Henderson Global Investors with the preparation and execution of a planning application for a mixed use redevelopment of the entire site.

STRENGTHS

  • Overlooks Marina
  • Town centre position
  • Short unexpired leases allow to plan for development with income

OPPORTUNITIES

  • Substantial massing improvements
  • Mixed use development with partial pre-let

WEAKNESSES

  • Southampton office market depressed
  • CAPEX required if continued office use is chosen strategy
  • Adjacent to a Listed building
  • Sits over major utility infrastructure

Threats

  • RPW development secures a pre-let
  • Delays to Royal Pier development cause continued disturbance in vicinity of the subject site
  • Build cost inflation