Chancerygate to develop nearly 1 million sq ft of urban warehouse space

LinkedIn +

Industrial developer and asset manager Chancerygate has announced it has committed to speculatively build nearly 1 million sq ft of warehouse space across nine sites in the UK.

Ranging from Bournemouth to Warrington, the sites will have a combined gross development value of £160 million and deliver close to 975,000 sq ft of Grade A industrial and warehousing accommodation.

The schemes form part of Chancerygate’s three million sq ft of pipeline across 23 sites which stretch from Havant to Edinburgh.

Chancerygate managing director, Richard Bains, said: “We are delighted to be in a position to commence construction on these urban logistics sites, maintaining the high level of momentum we achieved over the course of 2020.

“There is strong demand for our Grade A product throughout the UK from both occupiers and investors. These schemes will provide new build multi-let accommodation in areas where there has been very little new supply delivered for a long period of time.

“Demand for the schemes is strong and they have attracted a great deal of interest from potential occupiers even before construction has started. We look forward to announcing occupational transactions in the near future.”

In addition to Bournemouth and Warrington, the other seven developments are located in Birmingham, Cheltenham, Chesham, Harlow, Norwich, Sidcup and Tonbridge.

Share this story: