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Greenwoods Solicitors LLP was delighted to act for Oundle based client Fairline Yachts to secure its expansion into a 5-acre (20,000 sq metre) facility in a waterside location.  The aquistion will create up to 200 jobs in the Southampton area and allow Fairline to build larger yachts, which has not been possible at its existing Northamptonshire location.

The new site, to be named Fairline Marine Park, will boast state-of-the-art facilities. Conveniently located in Southampton Water, the facility has large vessel deep water berths and over 200,000 sq feet (18,000 sq metres) of undercover manufacturing space.

Building work is expected to take around nine months to complete and Fairline hopes to launch the new facility and begin boat building on the South Coast late next summer.

Russell Currie, Managing Director of Fairline Yachts, told the BBC that “ When this site became available all of our Christmasses came at once.” Greenwoods’ Commerical Property team worked quickly and tirelessly to secure this incredibly important transaction for Fairline.

Associate Director Kelly Peck led the negotaion, and was praised for her ‘excellent work’ during the process.  Kelly states, “I’m extremely proud of the Commercial Property team at Greenwoods for its hard work in completing this deal so quickly and efficiently. We are delighted to have supported Fairline in such an important investment for their future growth and look forward to seeing the new facilities in Southampton take shape.”