ORCHARD STREET PICKS CHANCERYGATE FOR HEMEL HEMPSTEAD SCHEME
Posted on: May 08, 2015
Orchard Street Investment Management has appointed leading industrial developer Chancerygate as development partner for its £10m speculative scheme at Maylands Avenue in Hemel Hempstead.
The project comprises two units of 28,350 sq ft and 42,600 sq ft that can be combined to provide a single unit of 70,950 sq ft if required. Construction is scheduled to start in October with completion in summer of next year.
Orchard Street acquired the site last year as part of the Orbital Portfolio.
Chancerygate Managing Director, Eddie Cook, commented: “This project will demonstrate the skills and knowledge that our in-house team can provide to institutional investors. Jonathan Lee will lead the development management team with Tony Hynes overseeing construction and project management services. Their detailed knowledge of the site, location and market will be of great benefit to the development”.
Doherty Baines and Brasier Freeth are letting agents for the scheme.