TT Group, formerly known as Telereal Trillium, is one of the UK’s largest privately owned property investment and development firms.
In December 2022, the Solent Trading Estate in Shamblehurst Lane was acquired by TT Group’s property investment team.
It has now announced it has sold the industrial site in Hedge End for £5.7m.
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The purchase had been made to an undisclosed private company, which is incorporated in the United Arab Emirates.
The property firm said the buyer had been advised by commercial property consultants and estate agents, Lambert Smith Hampton (LSH).
Paul Munday, Head of Investment Acquisitions at TT Group, said: “Our investment in Solent Industrial Estate demonstrates TT Group’s ability to identify assets with potential to add value and crystalise upside through active asset management.
“With the site now fully let, we felt it was the right time to exit. Our team continues to target similar investment opportunities with future enhancement angles throughout the UK.”
The 1.85-acre site is spilt into two self-contained units – with Unit 30 being let long-term to Sentry Self Storage Limited, a family-owned self-storage business established in 1988.
In June 2023, TT Group announced that it had secured the international freight forwarder, Active Freight Management, as a new tenant for Unit 29.
This agreement is on a 10-year lease at a rent of £196,950 per annum.
Other occupiers in the area include Screwfix, Wickes, DPD and Magnet, as well as those at the nearby Hedge End Retail Park including Sainsbury’s and Marks & Spencer.
The property and investment group said Solent Industrial Estate is an established industrial park with good access to Southampton, Portsmouth, Southampton Airport, and London.
