Work has started on a multi-million pound high-tech facility in Bournemouth

Vania Goncalves 5 Jul 2016 EUROPE BUILDINGS

UK-based commercial property developer Stoford announced that work has commenced on a new multi-million pound high-tech facility near Bournemouth Airport.

The project includes the construction of a 15,000sq m unit, comprising 4,000sq m of offices and an 11,000sq m production unit, on a 10.64-acre site.

According to the developer, forward funding for the project has been concluded with Global Gate Capital, together with its simultaneous acquisition of a nine-acre site form Bournemouth airport operator and owner MAG Property.

Stoford’s joint managing director Matt Burgin said: “We are excited to unveil the plans for the facility at Aviation Business Park at Bournemouth Airport, in association with MAG Property.

“The new development will bring a significant amount of investment to the south coast, providing new jobs and more opportunities for the surrounding area.”

Rudy Sayegh, CEO at Global Gate Capital, said: “We are delighted to have completed this forward funding, our second with Stoford Developments in recent months, and we are looking to invest a further £100M in such property in 2016.”

Planning was approved by Christchurch Borough Council last year after proposals were submitted by Stoford and the land owner MAG Property — the property and development arm of Manchester Airports Group (MAG).

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