Oxenwood Real Estate the UK and European real estate investment management firm, on behalf of funds managed by Apollo, are pleased to announce the practical completion and lease up of Power Park, Eastleigh.

The new industrial scheme comprises of five high quality industrial units each with their own dedicated service yards and first floor offices totalling 69,862 sq ft. The site benefits from being near to Eastleigh town centre as well as having excellent access to the M3 motorway.

The estate was fully let the within 14 days of practical completion of the development. Occupiers include multinational distribution company, Bunzl UK Ltd, alongside trade counter operators, MKM Building Supplies and Celsius Hire Ltd.

Stewart Little, CEO of Oxenwood commented: “The success of the Eastleigh project supports our strategy of undertaking selective speculative development in our target urban markets. The speed of lease-up and the rental levels achieved reflect the quality of the product and its appeal to a variety of occupiers in the sector.

Realest and Lambert Smith Hampton advised Oxenwood.