Chancerygate acquires sites in Bucks and Northants to deliver 212,000 sq ft of light industrial space
Chancerygate has acquired sites in Aston Clinton, Buckinghamshire, and Brackley, South Northants, to deliver 212,000 sq ft of light industrial space with a combined gross development value of GBP34 million.
The developer plans to speculatively develop 156,797 sq ft of new build light industrial space across 15 units at its 8.9-acre site on College Road North in Aston Clinton, with units ranging in size from 4,370 sq ft to 41,366 sq ft.
A planning application for the scheme, which has a gross development value of GBP25 million, will be submitted this spring. The site was acquired from Aston Clinton-based Midwinter Property Holdings for an undisclosed sum and units will be available on a freehold and leasehold basis.
Located near to the Mercedes-Benz and Jaguar dealerships on the Aston 41 scheme, the site is in a prime industrial location, providing quick access to the A41 and Junction 20 on the M25. It is just over four miles from Aylesbury train station and town centre, and just under three miles from the centre of Aston Clinton.
In Brackley, the developer has acquired a 2.5-acre site at Boundary Road Industrial Estate. Here, Chancerygate intends to speculatively develop 55,000 sq ft of light industrial and warehousing space across 14 units ranging in size from 2,500 sq ft to 15,000 sq ft.
Plans for the scheme, which will have a gross development value of around GBP9 million, will be submitted later this year. Units at the site, which was acquired from a private vendor for an undisclosed sum, will be available on a freehold and leasehold basis.
Located off Boundary Road, the site provides good access to the A43 and M40 motorway and the development will provide Grade A industrial and warehouse accommodation.
Speaking about the acquisitions, Alastair King, head of development at Chancerygate, says: “We are really pleased to have acquired these sites in Aston Clinton and Brackley, both of which have excellent potential.
“We’re excited to bring forward plans for two high-quality industrial schemes, which will offer businesses a range of units on both a freehold and leasehold basis. We are committed to developing these multi-let schemes speculatively to meet the high levels of demand we’re seeing from a wide range of occupiers.”
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 GBP255 million of assets across more than five million sq ft of commercial space in more than 390 units. In addition to Milton Keynes, the company has offices in Birmingham, London and Warrington.
Sales agents for the Aston Clinton site are JLL and Brown and Co, while the vendor for the Brackley site was advised by Brown and Co.