- 13-acre site in Southampton city centre
- 132,000 sq ft currently let in its entirety to Rank with subleases to Odeon, Grosvenor Casino, restaurants and a nightclub
Business Plan & Achievements
Sovereign Centros are in a Development Management role on behalf of UBS to exploit the major redevelopment potential of the site as the existing lease expiry profile approaches.
The site sits next to the Ocean Liner terminal and forms the focus for development initiatives in this expanding segment of the city.
The adjacent distribution facility was acquired from the John Lewis Partnership to extend the site and the developable footprint.
The proposals envisage a major mixed use scheme comprising a modern cinema, casino, associated mixed leisure, 2 hotels, offices and over 600 residential units.
A planning application was submitted in October 2020 with Phase 1 anticipated to start on site in early 2022.