Development Securities has forward sold the new headquarters of cruise line operator Carnival in Southampton to Morley Fund Management’s Lime Property Fund
The price has not been disclosed for the sale of the 150,000 sq ft (13,935 sq m) office at West Quay 3.
The letting prelet to Carnival, which will occupy the building for 20 years, was one of the biggest-ever on the south coast.
Lime, a fund managed by Morley, will hold the property on a virtual freehold basis from Southampton City Council. The development of the office is expected to be completed in the fourth quarter of 2008.