Chancerygate adds 200,000 sq ft to development pipeline
Industrial developer Chancerygate has bought two sites in Bristol and Harlow, taking the company’s total pipeline to more than 2.2m sq ft.
At Vertex Park, Emersons Green near Bristol, the company has purchased 4.8 acres for a 110,000 sq ft multi-unit scheme. The proposed units would range from 4,300 sq ft to 34,000 sq ft, for lease or purchase.
Vertex Park – part of the Emersons Green Enterprise Area – is located to the east of Bristol, between the A4174 ring road and M4 and adjacent to Bristol and Bath Science Park. The location is within easy reach of the M32 and M4/M5 motorway corridors.
Industrial developer Chancerygate has bought two sites in Bristol and Harlow, taking the company’s total pipeline to more than 2.2m sq ft.
At Vertex Park, Emersons Green near Bristol, the company has purchased 4.8 acres for a 110,000 sq ft multi-unit scheme. The proposed units would range from 4,300 sq ft to 34,000 sq ft, for lease or purchase.
Vertex Park – part of the Emersons Green Enterprise Area – is located to the east of Bristol, between the A4174 ring road and M4 and adjacent to Bristol and Bath Science Park. The location is within easy reach of the M32 and M4/M5 motorway corridors.
Completion is scheduled for mid-2018.
BNP Paribas Real Estate and Alder King acted for the vendor and have been retained with Colliers International to market the development.
In Harlow, Essex, the company has bought a 4.5-acre development site on East Road in Templefields industrial area. The site links to the M11 and will be developed into 97,000 sq ft of industrial space in seven units of between 5,000 sq ft to 35,000 sq ft for sale or lease.
Strutt & Parker advised Chancerygate on the acquisition and have been retained with DWW to market the development.
Chancerygate head of development Tim Johnson said: “These acquisitions are a further expansion of our ability to provide product across premium locations in the UK. When complete, the projects will have a combined gross development value of more than £20m”.
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