Lambert Smith Hampton (LSH) has successfully completed the letting of unit 2 at Airways Distribution Park, acting on behalf of LondonMetric Property Plc, the transaction was completed in collaboration with joint agents at Realest. Guidance was also provided on the level of refurbishment required to meet current market demands. 

Aalco, a leading supplier of metals, has taken the space in support of its strategic business and operational efficiencies, in which the agreement was reached during the refurbishment process, allowing negotiations to progress swiftly and ensuring a smooth transition post-completion.

The 32,201 sq ft warehouse comprises a semi-detached unit with a secure yard. A comprehensive refurbishment was carried out which included installing PV’s, EV’s, new warehouse floor coating and upgrading the entrance lobby, offices, welfare and fascia of the property. 

Its prime location offers visibility to the M27, direct access to Junction 5, and excellent transport links via Southampton International Airport and Parkway Railway Station.

Dan Rawlings, Director at Lambert Smith Hampton, said: "Despite the challenges of the 2024 market, this deal demonstrates the strength of well-located industrial assets compounded with a refurbishment programme satisfying occupier’s demand for more sustainable warehouse space. It’s encouraging to see increased occupier confidence and we expect this to filter through to further transactions during the course of 2025."

Sam Pringle, Asset Manager Executive at London Metric, commented: “A fantastic result to secure a leading metals supplier like Aalco so soon after the refurbishment, it speaks to both the strength of the asset and the demand for well-located industrial space in the South of England.”

Warehouse interior