CHANCERYGATE PLANS NEXT PHASE OF GROWTH AND MANAGEMENT SUCCESSION

Posted on: Feb 07, 2017

Leading industrial developer and asset manager, Chancerygate, has announced plans for the next phase of its growth which will also see the recruitment of a new Managing Director.

The company’s current MD, Eddie Cook, has announced he will be retiring at the end of the year having led the company through an unprecedented period of growth which has seen it create a substantial speculative development programme across the UK; substantially broaden its asset base; and also increase the assets it manages on behalf of third parties. The profitability of the company has also increased significantly during that period.

As part of a wider restructuring of the business, Tim Johnson who joined Chancerygate in 2015 will become Head of Development ‎and will oversee all development activities in addition to his role of  bringing forward development opportunities in the mid-size and larger logistics product that Chancerygate now offers. Development Director, Alastair King will continue to spearhead the company’s core development activity in multi-unit industrial schemes for the freehold and leasehold markets and will work closely with Tim in his new role. Other new appointments see Rory Finnan become Head of Asset Management and Don Bailey Head of Project Management.

The company currently has more than 2million sq ft of space under development or ready to be brought forward for development which will further increase during 2017 with pipeline deals. In the past year alone Chancerygate has spent in excess of £40m acquiring 11 sites totalling some 40 acres capable of delivering in excess of 700,000 sq ft when fully developed, adding to a substantial land bank that Chancerygate already has.

Chancerygate Chairman, Andrew Johnson, commented: “Our focus on industrial multi let schemes has paid dividends over the last 9 years since the financial crash. Eddie has done a phenomenal job in leading the company to the point where we are one of the most active developers in the sector.

“He has worked tirelessly for Chancerygate and we have to respect his decision to step down. He will work with me to find his replacement, the process for which has already started.”

Eddie Cook - who became MD in 2010 - commented: “My decision to retire at the end of 2017 was not taken lightly. Chancerygate is a great business to be involved with and I am proud of what we have achieved and will go on to achieve. The company has increased its turnover and profitability year-on-year, and we have assembled an excellent team.  The growth of our North West operations and our recent move to a new larger London office are further indicators of how this dynamic business is maturing.

The timing of my retirement comes at a time when I will be leaving the company in a very good place. It enables us to find the right person to take on the MD role and take Chancerygate into the next chapter of its evolution.  In the interim, we will continue at pace with our long-term growth plan and it will be very much business as usual.”

Available properties from Chancerygate

Cardington Point Bedford
Cardington Point
Bedford
36,597 sq ft
Single Unit
Freehold/Leasehold

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Octagon Park Birmingham
Octagon Park
Birmingham
2,146 sq ft
Industrial/Warehouse units
To Let
Units available 1

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Vertex Park
Vertex Park
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4.8 acres
Warehouse accommodation
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Horizon Park
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Carlisle
2,500 sq ft - 30,000 sq ft
Bespoke
Leasehold

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Site 1
Site 1
Carlisle
10,000 sq ft - 58,000 sq ft
Bespoke
Leasehold

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Chelmsford
Chelmsford
Trade Park
5,005 - 12,000 sq ft
Trade counter/Industrial/
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To Let

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Eaton Point
Eaton Point
Chorley

3,305 sq ft up to 28,749 sq ft
Industrial/Warehouse
For Sale/May Let

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Eaton Point
Unit One Eaton Point
Chorley

47,478 sq ft
Industrial/Warehouse
To Let

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Dartford Brochure
Panorama
Dartford
4,650 to 23,842 sq ft
Industrial/Distribution
Warehouse units

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The Grid
The Grid
Enfield
5,867 to 39,560 sq ft
Industrial/Warehouse
For Sale/To Let
Units available 9

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Tannochside
Tannochside Business Park
Glasgow
17,347 sq ft
Industrial/Warehouse
Leasehold

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East Place
East Place
Harlow, Essex
5,005 sq ft to 34,951 sq ft
Trade counter/Industrial
For Sale/To Let

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Spring Park
Spring Park
Hemel Hempstead
4,975 - 10,800 sq ft
Warehouse/Industrial/Trade Counter
To Let

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Wye Business Park
Wye Business Park
High Wycombe
15,715 - 32,140 sq ft
Industrial/Warehouse
For Sale/To Let
Units available 3

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Irlam Business Park
Irlam Business Park
Irlam
1,918 - 3,153 sq ft
Industrial/Warehouse
Leasehold
Units available 3

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Knutsford Cheshire
Novus
Knutsford, Cheshire
3,000 sq ft to 100,000 sq ft
Industrial/Warehouse units
Warehouse Units
To Let/For Sale

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Mersey Reach
Mersey Reach
Liverpool
11,500 sq ft - 90,000 sq ft
Industrial/Warehouse
Leasehold

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Twyford
Livingston
 
3,500 sq ft to 66,900 sq ft
Industrial/Warehouse
To Let/May Sell
Units available 9

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Vale Industrial Park
Vale Park
London
2755 and 3249 sq ft
Warehouse accommodation
To Let
Units available 2

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Hemel Hempstead
Maidstone Exchange
Maidstone, Kent
1,775 to 80,000 sq ft
Trade counter/Industrial
Freehold/Leasehold
Units available 12

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Satellite Park
Satellite Park
Manchester
17,896 sq ft
Trade Counter/Warehouse Unit
To Let

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Milton Keynes Trade Park
Milton Keynes
Trade Park - Phase 1
2,385 sq ft
Industrial and trade units
Leasehold
Units available 3

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Milton Keynes Chancerygate Business Center
Milton Keynes CBC
Trade Park - Phase 2
1,905 - 9,956 sq ft
Trade units
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Units available 15

Horizon Park
Horizon Park
Poole
1,658 to 20,129 sq ft
Warehouse/distribution units
Freehold or Leasehold

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Klinger Aerial
Klinger Industrial Park
Sidcup
5,845 sq ft to 46,393 sq ft
Warehouse/Trade counter/
Roadside
For Sale or To Let
Units available Q3 2017

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Apollo Park
Apollo Park
Yate
3,500 sq ft to 32,000 sq ft
Industrial/Distribution/
Warehouse
Freehold or Leasehold

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