CHANCERYGATE APPOINTED ON MAJOR CARLISLE ESTATES
Posted on: Oct 14, 2016
Leading industrial property company, Chancerygate, has been appointed by Carlisle City Council as its asset manager for the Kingstown and Parkhouse Industrial Estates.
The council owns the freehold of the estates which are adjacent to Junction 44 of the M6 and two miles from Carlisle city centre. More than 140 international and national businesses employing over 2,000 people trade from the estates. The estates currently encompass industrial space across more than 200 acres and there are also some undeveloped sites adjacent and within the estates which will be evaluated for possible development.
Chancerygate will be partnering the Council to provide short and long-term business plans for the assets and will advise on how future investment can be focused.
Rory Finnan, Chancerygate’s Asset Management Director commented: “We believe our asset management and development expertise can assist with realising the potential of these important estates through innovative initiatives being delivered to the public sector. We were selected through a stringent and OJEU-compliant process to work in partnership with Carlisle City Council
An early priority is to work closely with businesses on the estates to understand their future needs and to prepare a business plan to improve the environment in which they sit for the benefit of existing occupiers and to help attract new businesses to Carlisle.”
Mark Walshe, Carlisle City Council’s Strategic Asset and Investment Services Manager comments: “Chancerygate is recognised as one of the UK’s most successful property companies and has more than 20 years’ experience of industrial property asset management and development.
“Their tender was fully scrutinised and considered to be the one that offered the best opportunity to the City Council to meet its objectives in enhancing its investment in the Kingstown and Parkhouse Industrial Estates thus ensuring further growth through a combination of specialist asset management, development and investment skills. Chancerygate demonstrated their ability to achieve this objective through their submission and track record.
We believe they are the ideal partners to work with on the enhancement of these two estates which are such vital generators of economic activity and job creation for Carlisle.”