Chancerygate pre-sells 70 per cent of GBP17m Dartford industrial scheme
Chancerygate has pre-sold nearly 70 per cent of its 88,900 sq ft Panorama industrial development in Dartford, Kent ahead of practical completion.
Panorama is a GBP17 million scheme offering seven high-quality warehouse and industrial units ranging from 4,693 sq ft to 29,072 sq ft, which are available on either a freehold or leasehold basis.
Ahead of practical completion, which is expected in late September, Chancerygate has pre-sold three of the scheme’s larger scale units totalling 59,728 sq ft with another 14,434 sq ft space currently under offer. The development’s three remaining units range from 4,693 sq ft to 14,749 sq ft.
Once complete, the scheme’s first three occupiers will comprise paper, plastic and board supplier, PPB Limited, commercial vehicle body repair company, Truck Align; and laser and special effects equipment provider, ER Productions.
Situated within Crossways Business Park on the River Thames waterfront, Panorama is strategically placed adjacent to the Queen Elizabeth II Bridge and the M25 motorway for easy access to London. The development’s proximity to the A13, A2 and M20 also makes the scheme well located for occupiers looking to gain entry to Europe through the Channel Tunnel. Nearby occupiers on Crossways Business Park include Yodel, DHL Parcel, Furniture Village and Amazon.
Chancerygate development manager, Matthew Young, says: “The excellent location and quality of accommodation at Panorama means interest in the scheme has been high since we unveiled our plans for the site.
“The forward commitments demonstrate the strong demand from occupiers in the area seeking well located, Grade A, freehold units and there is strong interest in the remaining units.”
Founded 25 years ago, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. The company has offices in London, Warrington, Birmingham and Milton Keynes and currently has up to 2.9 million sq ft of industrial space under construction or ready for development across 22 sites.
Knight Frank and Altus Group are joint sales agents for Panorama, Dartford.