Industrial developer Chancerygate has acquired a vacant 2.5-acre site in Brackley, Northamptonshire and is set to develop 14 industrial and warehousing units ranging in size from 2,500 sq ft to 15,000 sq ft and totalling 55,000 sq ft with a development value of around £9 million.
All the units will be available for sale or on a leasehold basis and will provide Grade A industrial and warehouse accommodation which is in short supply. The site is located on the Buckingham Road industrial area providing good access to the dualled A43, close to Silverstone (the home of the British Grand Prix) which links both the M1 and M40 motorways.
Commenting on the acquisition, Chancerygate development director, George Dickens said: “We’re looking forward to submitting our planning application and speculatively developing this opportunity. Our development will address the pent-up demand that exists from a wide variety of businesses operating in this expanding region looking for Grade A new build accommodation.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. The company currently has up to three million sq ft of industrial space under construction or ready for development across 23 sites ranging from Bournemouth to Edinburgh. Chancerygate also manages in excess of £255m of assets across more than five million sq ft of commercial space in more than 390 units. In addition to Milton Keynes, the company has offices in Birmingham, London and Warrington.
Chris White, Managing Director, White Commercial commented: “We are delighted to be advising Chancerygate on this scheme. There is a significant shortage of new smaller modern industrial and warehousing units along the London to Birmingham M40 Corridor available for occupiers to own and lease in a region that is seeing significant commercial and residential growth.”
