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PortfolioMaritime Gateway, Southampton

Maritime Gateway, Southampton

Maritime Gateway represents a key acquisition for FREOF V in partnership with Packaged Living. This exciting scheme will be part of Southampton’s regeneration programme, bringing much needed housing and commercial space to the city.
Chris Button, Head of Value Add REIM
Purchase Date
May 2021
Purchase Price
£3.75m
NIY
N/A
Fund
Fiera Real Estate Opportunity Fund V
Property Company
Packaged-Living
Features
  • 4.8-acre site in Southampton, purchased from receivers
  • Purpose-designed mixed-use scheme, comprising 600 BTR homes, 60,000 sq ft of Grade A office space, 7,000 sq ft of food, beverage and leisure venues, and 86,000 sq ft of new public realm
  • GDV of £200m
Purchase Rationale
  • Prominent inner-city location, 3-minute walk from Southampton Central Rail Station and 5-minute walk to the city centre
  • Pressing need for new, high-quality homes
ESG

Health and wellbeing

  • Considerable social amenity for the BTR element, including roof terraces and residents’ lounges

Community engagement

  • New public realm
  • Creation of The Maritime Gardens improving bio-diversity

Resource use and efficiency

  • Net Zero Carbon construction targets
  • Low embodied carbon materials to be used during construction
  • Grade A office targeting BREEAM Excellent and EPC A

Renewable energy

  • EV charging points
Location
  • Western Esplanade, Southampton, SO15 1QJ
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