Developer Chancerygate has been granted planning permission to speculatively build 41,200 sq ft of Grade A urban logistics space in Chichester.
Called Novio, the development will comprise four Grade A units ranging from 6,200 sq ft to 12,300 sq ft and the projected gross development value is around £12m. Units on the 1.9-acre site will be available on a leasehold basis.
Located off Terminus Road approximately two miles south of Chichester town centre, the Novio site is adjacent to the main A27 arterial route.
Neighbouring occupiers include builders’ merchants Jewson and trade kitchen supplier Howdens, as well as Ford, Jaguar and Volkswagen car dealerships.
All units at Novio will benefit from electric vehicle charging points, 15 per cent warehouse roof lights to increase natural lighting and solar cells on their roofs which provide up to 35 per cent of the units’ energy needs.
In addition, the units will be constructed from high-performance insulated cladding and roof materials to reduce CO2 emissions. The project is targeting an EPC rating of A and BREEAM Very Good.
Chancerygate development director Jonathan Lee said: “There is a high demand for high-quality, sustainable urban logistics units in Chichester, as well as across West Sussex and the South East.
“Our Novio development will satisfy this demand through supplying much-needed, Grade A accommodation to both the locality and the wider region.
“Our development will deliver an enduring economic asset for Chichester and ensure occupiers are best placed to grow their businesses by being based in an excellent strategic location.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.
The company currently has around 1.16m sq ft of urban logistics space under construction or ready for development across ten sites ranging from Edinburgh to Croydon.
Agents for Novio are Carter Jonas and Vail Williams.
