A developer has acquired a site in Poole for an undisclosed sum where it plans to build 48 new industrial units.
Local firm Fortitudo has bought 3.5 acres at the site of the Magna Park industrial estate after it recently gained planning permission for the project.
Joint agents Vail Williams and Lambert Smith Hampton agreed the sale with Fortitudo on behalf of WH White.
The deal comes after 2.7 acres at the development was sold to another unnamed local business, which intends to construct its own 40,000 sq ft storage and distribution warehouse.
Luke Mort, associate director at agency Lambert Smith Hampton, said: “From our initial viewing with Fortitudo, they could see the potential that the site provides and which would allow them to expand into the industrial market.
“In a market with decreasing supply and strong demand, the proposed development will provide much needed new-build premises. We have been involved in similar new-build schemes locally that have proved successful and are confident there will be excellent interest in proposed development by Fortitudo, as well as the remaining land."
Bryony Solan, an associate at Vail Williams which is also marketing the scheme, said the deals showed there was a demand for more large-scale employment land within Poole and the wider area.
Ms Solan said: “The proposed development of the land at Magna Park will deliver jobs and help meet commercial demand for high-quality distribution and production units in the conurbation, which, at nearly 400,000 people, is larger by population size than the cities of Portsmouth, Southampton and Cardiff.”
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Vail Williams and Lambert Smith Hampton said there was around 2.5 acres remaining at the Magna Park site, which is located three miles from the A31 between Dorset and Hampshire.
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