Southampton's Ford Transit site sale could create hundreds of jobs
The former Ford Transit van factory in Southampton has been sold to a commercial property firm in a move that could create hundreds of jobs.
Mountpark confirmed it has now completed the purchase of the 25-acre site from the US car giant.
It said building work could start in July, subject to planning consent.
Some 500 jobs were lost and 100 years of Ford production in the UK ended after the firm moved production from Swaythling to Turkey two years ago.
Southampton City Council has previously warned the site must be sold for employment and not housing.
Mountpark director Phillip O'Callaghan said he expected the development to create "many hundreds of jobs".
He added: "We plan to carry out a development of industrial and logistics buildings for a very under-supplied market."
The Transit factory closed in July 2013 and production moved to Turkey, where Ford said costs were "significantly lower".
Former workers were either redeployed, took voluntary redundancy or early retirement.