Chancerygate has submitted plans to speculatively develop sites in Aston Clinton, Buckinghamshire, and Brackley, South Northants, delivering 219,765 sq ft of light industrial and warehousing space with a combined gross development value of £37m.
The developer intends to deliver 15 Grade A units ranging from 4,758 sq ft to 43,357 sq ft on an 8.9-acre site in Aston Clinton. The proposed Vantage 41 scheme will have a gross development value of £27m and total 164,765 sq ft of space.
The site is located close to the Mercedes-Benz and Jaguar dealerships on the Aston 41 scheme and provides quick access to the A41 and Junction 20 on the M25.
In Brackley, Chancerygate plans to speculatively build Grade A units ranging from 2,050 sq ft to 19,125 sq ft, delivering a £10m, 55,000 sq ft scheme called Boundary43. The development will be located on a two-and-a-half-acre site within Boundary Road Industrial Estate, close to the A43, M40 and M1.
All units across both sites will be available on freehold or leasehold basis, meeting local demand for new high-quality industrial space in both locations.
Alastair King, head of development at Chancerygate, said: “Vantage 41 and Boundary 43 will provide an excellent opportunity for local businesses in each area to acquire Grade A industrial and warehousing space at a time when supply is very low.
“The Aston Clinton development will provide more affordable space for businesses in west and north west London that are looking to relocate, expand or even consolidate. In Brackley, we’re confident that Boundary43’s close proximity to Silverstone will appeal to motor sport and high-tech industries.
“Most importantly, both developments will offer Grade A units on a freehold basis in locations at a time when the cost of borrowing is historically low. We’re looking forward to working with the respective planning authorities in bringing forward these two exciting schemes.”
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. The company has offices in London, Birmingham, Milton Keynes and Warrington.
Sales agents for Vantage 41 in Aston Clinton are JLL and Brown & Co. For Boundary 43, agents are Brown & Co and White Commercial.
