Chancerygate to deliver 10 urban logistics units in Newmarket
Chancerygate intends to develop 10 units ranging from 3,595 sq ft to 6,685 sq ft which will be available on both a freehold and leasehold basis. The scheme will have a gross development value of approximately £11.5 million.
The site formerly housed an electronics and displays manufacturer for aerospace, military, transport, telecoms, computer, medical and industrial applications. Neighbouring occupiers to Chancerygate include Screwfix, Toolstation, Travis Perkins and Evri.
Chancerygate senior development director, George Dickens said: “This site presents a great opportunity to open up a former manufacturing location to new employment uses.
“We continue to see strong demand for flexibly sized, high-quality and sustainable urban logistics accommodation in strategic regional locations. Our proposed development will help satisfy this demand and provide a long-term economic asset for the locality and the wider Cambridgeshire, Suffolk and Norfolk regions.
“Chancerygate look forward to working with West Suffolk District Council to deliver planning consent for this exciting new development.”
All properties will benefit from cycle storage, electric vehicle charging points and solar cells which provide green energy on an affordable basis to occupiers.
The units will also have enhanced roof lighting to increase levels of natural daylight and be constructed from high-performance building materials to reduce CO2 emissions. The scheme is targeting an EPC A and BREEAM Excellent rating.
Founded in 1995, Chancerygate markets itself as the UK’s largest urban logistics property developer and asset manager and says it is the only one operating nationwide.
The company has offices in London, Warrington, Birmingham and Bristol. It currently has more than 2.65m sq ft of industrial space under construction or ready for development across 19 sites ranging from Edinburgh to Chichester. Chancerygate was advised on the site acquisition by Cheffins.
