Construction & Property

Published: January 7, 2022 | Updated: January 8, 2022

Significant expansion as fast-growing company takes 67,000 sq ft at modernised business park

A computer generated image of Poole Bay Holdings’ Unit D at Fleets Corner Business Park in Poole.
By Andrew Diprose, editor

One of the UK’s leading online and catalogue marketers and manufacturers of business products has taken 67,019 sq ft of newly refurbished warehouse and office space in Poole.

The deal, at Fleets Corner Business Park, involves Poole Bay Holdings Ltd and was announced by the international business of Federated Hermes.

The space will be split between 60,658 sq ft of warehousing at Unit D and 6,361 sq ft of office space on the first floor of Fleetsbridge House.

The warehouse space is connected to the newly refurbished offices by a first-floor bridge, aiding the smooth and efficient running of the business.

It’s the latest in a series of signings that bring the cumulative amount of space let at the business park in 2021 to almost 150,000 sq ft.

Occupiers who have committed to the park or upsized during the past 12 months include:

  • Global cosmetics brand Lush which opened its 40,128 sq ft eco-friendly ‘Greenhub’ circular recycling centre
  • CityFibre, the UK’s largest alternative provider of wholesale fibre infrastructure, signed for 2,378 sq ft
  • Luxury outdoor garden furniture manufacturer, Rattanpark Furniture, selected Fleets Corner for its new company headquarters, occupying 11,091 sq ft of office and warehouse space.
  • Cutwrights, the British specialist building materials firm, committed to 15,100 sq ft of warehouse space
  • Existing tenant, Happy Homewares, expanded into a neighbouring warehouse unit, taking its space at Fleets Corner to 25,000 sq ft

Stephen Ellis, Senior Investment Manager, International Business of Federated Hermes, pictured left, said: “This major move by Poole Bay Holdings, which follows on from an extremely busy year of lettings activity at Fleets Corner, is testament to the significant work Federated Hermes has done to modernise and establish Fleets Corner as the prime business park in the region.

“The signing also reflects one of Fleets Corner’s main advantages; businesses can locate staff in high quality office space at the park, just moments away from their warehouses.

“This setup ensures companies can organise their logistics much quicker and react to any issues in the supply chain.

“With high quality warehouse and office space, amenities including a Travelodge and a Starbucks, and an ideal location, Fleets Corner is a strong proposition for businesses in the wider region.”

The signing marks a significant expansion for Poole Bay.

The group manufactures and stocks over 30,000 products, ranging from bicycle shelters to picnic tables, first aid supplies to medical kit via various websites.

The group manufactures some of its goods in the UK and is part of the Made in Britain organisation, which brings together the British manufacturing community.

Mike McKenna, Chief Executive, Poole Bay Holdings, said: “Our company continues to experience rapid growth and with demand increasing we needed somewhere to expand our operations.

“We not only needed new warehouse space, but modern office space.

“Fleets Corner Business Park has both uses, making it the perfect location for our company, now in its 30th year, to continue to grow.

“The fact that our office space on the first floor of Fleetsbridge House is connected to Unit D by a footbridge will be a huge logistical help for us going forward.”

Fleets Corner Business Park boasts a newly opened 81-room Travelodge hotel, which also includes an on-site bar and restaurant, and a Starbucks drive through and dine in café.

Federated Hermes, Inc. is a leading global investment manager with $634.1 billion in assets under management as of September 30, 2021.

Headquartered in Pittsburgh, USA, it’s near-2,000 employees are based in London, New York, Boston and offices worldwide.

Galena Real Estate, JLL and Goadsby acted for Hermes on the deal.