Developer Chancerygate has submitted plans to speculatively build 41,200 ft of Grade A urban logistics and industrial space in Chichester, West Sussex.
The proposed scheme will comprise four leasehold units ranging from 6,200 sq ft to 12,300 sq ft. The projected gross development value is around £12m.
The 1.9-acre site, which was formerly a Southern Gas Networks storage site, is located off Terminus Road approximately two miles south of Chichester town centre and adjacent to the main A27 arterial route.
Neighbouring occupiers to the planned development include builders’ merchants Jewson and trade kitchen supplier Howdens, as well as Ford, Jaguar and Volkswagen car dealerships.
All properties will benefit from electric vehicle charging points 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 building materials to reduce CO2 emissions.
Commenting on the planning submission, Chancerygate development director Jonathan Lee, said: “Our plans at Chichester will aim to satisfy the high demand for Grade A sustainable accommodation by converting this current brownfield location to a vital urban logistics asset.
“Sitting close to key transport infrastructure links, our Chichester development is an excellent opportunity for businesses to be best placed for serving the town, West Sussex and the wider South East region.
“The proposed development will help stimulate further investment and support job creation, bringing wider economic benefits for both the local and regional economy.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.
The company has offices in London, Warrington, Birmingham, Bristol, and Milton Keynes. It currently has more than 3.2m sq ft of industrial space under construction or ready for development across 24 sites ranging from Bournemouth to Edinburgh
Letting agents for the development are Carter Jonas and Vail Williams.
