Press Release

11 December 2017

Five new hangars at Solent Airport at Daedalus 

Construction of five new hangars has been completed at Solent Airport, the latest step in a £50m masterplan to transform the site into a business airport.

The new hangars, which are each 6,350 sq ft in size, are available for general aviation use. Three of them are already under offer.

Six more hangars (each 6,450 sq ft in size) are expected to be completed early 2018 and will be available for businesses in the aviation, aerospace and marine sectors.

Executive Leader of Fareham Borough Council, Councillor Seán Woodward, said:

"This is another fantastic milestone in the development of Solent Airport and I'm pleased to see interest in these new hangars, and the further six planned for next year, is already very high. This project is part of the Council's vision for the site which will see it become the premier location for aviation, aerospace engineering and advanced manufacturing businesses in the south. We anticipate the transformation of Solent Airport will create 3,500 new local jobs over the next ten years."

The new hangars all lie within the Solent Enterprise Zone giving significant benefits to new occupiers, such as substantial business rate relief.

For further information about developments visit the the Solent Airport website .

ENDS

Notes to editors:

• Solent Airport currently has around 30,000 flights per year with a plan to grow this over the medium term.
• Commercial property specialist Lambert Smith Hampton (LSH) has been appointed as the sole sale and letting agent for the site.
• The cost of the Club hangar development was approximately £2.6m.
• The hangars have ample shared parking and will have access to a communal amenity building.
• The hangar development coincides with the expansion of the Innovation Centre at Solent Airport. The £7m extension will provide 3,400 square metres of new floor space, 33 new offices, five new workshops and spacious new conference facilities, due for completion in Spring 2018.

For further information contact:

The Communications Team, Tel: 01329 824310

e-mail: publicity@fareham.gov.uk

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