CHANCERYGATE BUILDS DEVELOPMENT PROGRAMME WITH NEW SITE BUYS
Posted on: May 19, 2015
As part of its ongoing £100m development programme, Chancerygate has bought two sites in west London for around £5m.
The industrial developer has purchased a 2.3-acre site in Poyle Road close to Heathrow Airport. The site has planning consent for 43,500 sq ft of space, and is adjacent to Chancerygate’s Mathisen Way project which was pre-let to KWE.
Enabling works are now underway to speculatively build a logistics unit to institutional specification for the leasehold market.
To the north of Heathrow, the company has also bought a 1-acre site in The Ridgeway, Iver. The site has planning permission for 25,000 sq ft of development, and the scheme will be brought forward either as a multi-unit scheme or as a single unit for freehold or leasehold disposal.
Chancerygate’s Development Director, Alastair King commented: “Both these sites are in locations where Chancerygate has successfully developed projects previously, and occupier demand in west London remains very strong for both leasehold and freehold space”.
Chancerygate was advised on Poyle by DTRE while Whitmarsh Holt Young advised the vendor. At Iver, Chancerygate were advised by Colliers International while Haslams advised the vendor.