CHANCERYGATE ACQUIRES KEY BRISTOL SMALL UNIT DEVELOPMENT SITE

Chancerygate has acquired a key industrial redevelopment site in Gatton Road, Bristol from a private investor.

Planning will be submitted by Chancerygate to develop a total of 56,900 sq ft (5,286 sq m) of industrial and warehouse properties at the 2.75-acre (1.1-hectare) site close to junction 3 of the M32.  The development will see 23 separate units of between 1,600 and 3,150 sq ft (148 sq m – 292 sq m) that will be available to purchase freehold.

Chancerygate’s Charlie Withers says: “The accessibility of the site makes it perfect for the development of a small unit business scheme.  There has been a lack of small, freehold industrial and storage properties in north Bristol for some time and the new scheme will help satisfy the market’s pent-up demand.”

READING APPROACH DOUBLE LETTING

Chancerygate and joint venture partner Morley Fund Management have let two units at the 120,000 sq ft (11,148 sq m) Reading Approach development in Craddock Road, Reading.

Rentokil Initial has taken 34,000 sq ft (3,158 sq m) at Units D & E on a 15-year lease at an annual rent of £8.95 per sq ft. RAC Auto Windscreens has taken Unit C, totalling 7,950 sq ft (738 sq ft), also on a 15-year lease at an annual rent of £8.95 per sq ft.

Chancerygate director Charlie Withers says: “The Reading industrial market has for some time been characterised by a lack of good quality accommodation in accessible locations.  Both tenants have been attracted by the quality of the development and its proximity of the M4 at junction 11.”

CHANCERYGATE EXPANDS IN NORTH WEST WITH BURY DEVELOPMENT SITE

Chancerygate is to develop 52,250 sq ft of trade counter and industrial accommodation following its acquisition of a 2.3-acre site in Bolton Road, Bury, Lancashire.

The prominent redevelopment opportunity was acquired from Transco.

Chancerygate will develop a total of 52,250 sq ft (4,854sq m) of trade counter and industrial accommodation in 15 separate units of between 2,600 and 4,500 sq ft (241 sq m – 418 sq m) that will be available either to purchase freehold or on leasehold terms.

Chancerygate’s Charlie Withers says: “The site’s prominence will provide occupiers with a tremendous opportunity to acquire their own properties in a highly visible and accessible location.”

CHANCERYGATE SECURES PLANNING PERMISSION FOR MAJOR ROMFORD INDUSTRIAL SCHEME

Industrial property specialist Chancerygate Business Centres has secured planning consent to develop a major industrial and distribution scheme in Romford.

Construction of the new development, to be known as CBC Romford, has begun and when completed in June 2008 it will total 105,350 sq ft of industrial and warehouse accommodation of between 1,500 sq ft and 5,450 sq ft.  The individual units will be available to purchase freehold with prices from £260,000.

Chancerygate director Charlie Withers says: “Our business centre concept provides high quality properties that are suitable for a number of industrial and trade uses and has proved incredibly popular with occupiers across the UK.  The fact that they are available to purchase makes them highly attractive to small and medium sized businesses and individual entrepreneurs who wish to control their business’ overheads by owning the property they operate from.”

CHANCERYGATE BEGINS WORK ON MAJOR FREEHOLD INDUSTRIAL SCHEME IN SCOTTS ROAD, SOUTHALL

Industrial property specialist Chancerygate Business Centres has begun construction work on a major industrial development in Scotts Road, Southall that could bring around 350 jobs to the area.

The new development, which was recently granted planning permission, is to be known as CBC Southall and will total 252,750 sq ft (23,500 sq m) of industrial, warehouse and trade counter accommodation of between 2,150 sq ft (185 sq m) and 22,000 sq ft (2,043 sq m), that will be available to purchase freehold.

The first phase of the development will comprise 34 separate properties, which are expected to be available in March 2008.

Chancerygate director Charlie Withers says: “Our business centre concept provides high quality properties that are suitable for a number of industrial and trade uses and has proved incredibly popular with occupiers across the UK.  The fact that they are available to purchase makes them highly attractive to small and medium sized businesses and individual entrepreneurs who wish to control their business’ overheads by owning the property they operate from.”

Colliers CRE, Jones Lang LaSalle and King Sturge have been appointed as selling agents for the scheme.

CHANCERYGATE SECURES PLANNING PERMISSION FOR BIRMINGHAM TRADE PARK

Industrial property specialist Chancerygate Business Centres has secured planning permission to develop 37,650 sq ft of trade counter and distribution property in Kingsbury Road, Erdington, to be known at the Birmingham Trade Park.

Construction of the new development will begin in October and the 16 leasehold properties will be available for occupation in May 2008.  The units will range in size from 983 – 3,300 sq ft and, under the terms of the planning consent, will benefit from 30% ancillary trade use.

Chancerygate director Charlie Withers says: “The development will be similar to other trade counter schemes we have constructed around the country.  The high quality properties are suitable for a number of distribution and trade uses and have proved incredibly popular with occupiers.  We already have strong interest from three separate trade counter operators.”

CHANCERYGATE ACQUIRES WITHAM SITE FOR MAJOR INDUSTRIAL SCHEME

Industrial property specialist Chancerygate Business Centres has acquired a 1.98-acre site on Eastways, Witham, Essex and is looking to develop 20 separate industrial/warehouse properties totalling 45,000 sq ft in buildings from 1,800 sq ft.

Chancerygate has developed many similar schemes around the country and director Charlie Withers says: “Our business centre concept provides high quality properties that are suitable for a number of industrial and trade uses and has proved incredibly popular with occupiers across the UK. The fact that they are available to purchase makes them highly attractive to small and medium sized businesses and individual entrepreneurs who wish to control their business’ overheads by owning the property they operate from.”

It is hoped that the new development, to be known as CBC Witham, will be completed next summer.

CHANCERYGATE ACQUIRES UXBRIDGE SITE

Chancerygate Business Centres, the industrial property specialist, has acquired a three-acre site in Ashley Road, Uxbridge for in excess of £5 million from Morley and plans to build a thirty unit industrial scheme totalling around 85,000 sq ft which it will sell to individual businesses and entrepreneurs.

Units will be available from 1,900 sq ft and are planned for completion in the Autumn of next year.

Chancerygate director Charlie Withers says: “The development will provide a range of properties suitable for a number of industrial and trade uses that will be available to purchase, allowing the occupier to control their overheads.”

WIMBLEDON GRAND SLAM FOR CHANCERYGATE AND MORLEY FUND MANAGEMENT AT GATEWAY3, CHESSINGTON, SURREY

Chancerygate and Morley Fund Management have let 13,036 sq ft (1,211 sq m) of warehouse accommodation at their joint venture industrial development scheme Gateway3, in Chessington, Surrey to the All England Tennis & Croquet Club.  The property will be used to store equipment and various items from the annual tennis championship at Wimbledon.

The property has been taken on a 10-year lease at an annual rent of £143,400 (311 per sq ft).

Chancerygate’s Charlie Withers says: “The All England Tennis & Croquet Club cast its net far and wide when searching for a suitable property to let but the Gateway3 property suited the requirement in terms of both quality and location.”

King Sturge and Colliers CRE advised the landlords. The All England Tennis & Croquet Club was represented by Knight Frank.

CHANCERYGATE BEGINS CONSTRUCTION OF CBC WELWYN

Chancerygate Business Centres has begun construction of its 21,200 sq ft (1,970 sq m) CBC Welwyn development in Welwyn Garden City.

The freehold industrial and warehouse scheme at Tewin Court will provide seven separate units of between 2,600 sq ft and 3,400 sq ft (241 sq m and 315 sq m) that will be available to purchase freehold at prices between £373,500 and £476,000 each.

Chancerygate’s Charlie Withers says: “Although we have only just started on site, occupier interest is strong. When completed next February, the site will provide occupiers with a rare opportunity to acquire modern industrial properties in a highly accessible location. ”

CHANCERYGATE PRE SELLS MAJORITY OF CBC TRAFFORD PARK
AND RECEIVES PLANNING FOR ITS SECOND MANCHESTER INDUSTRIAL SCHEME

Industrial development specialist Chancerygate Business Centres, represented by Colliers CRE, has sold 75% of the units at its 25,644 sq ft (2,382 sq m) CBC Trafford Park scheme in Colbalt Avenue, Manchester at record levels - all prior to the scheme’s completion.

Six of the development’s eight units have been sold at prices between £110 and £115 a sq ft, exceeding the previous highest price for industrial property in Manchester of £85 per sq ft.  Occupiers at CBC Trafford Park include; Morelli, Creative Audio, Power to Light and Nigel Taylor Photography.

Chancerygate director Charlie Withers said: “The success of this development illustrates the high level of demand for freehold property from entrepreneurs and small and medium businesses in the Manchester market.  The strength of this market has brought forward our plans for the similar development elsewhere at Trafford Park.”

Chancerygate received a planning consent last week to build 18,750 sq ft (1,741 sq m) of industrial accommodation on Second Avenue in The Village, Trafford Park.  A total of seven units of between 2,400 sq ft and 3,100 sq ft will be available from between £320,000 and £405,000 each.  The industrial specialist will begin work on the new scheme, to be known as Trafford Business Centre, in September with completion planned for March 2008.  Colliers CRE and King Sturge have been instructed as joint agents for the scheme. 

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CHANCERYGATE BEGINS CONSTRUCTION OF CBC WELWYN

Chancerygate Business Centres has begun construction of its 21,200 sq ft (1,970 sq m) CBC Welwyn development in Welwyn Garden City.

The freehold industrial and warehouse scheme at Tewin Court will provide seven separate units of between 2,600 sq ft and 3,400 sq ft (241 sq m and 315 sq m) that will be available to purchase freehold at prices between £373,500 and £476,000 each.

Chancerygate’s Charlie Withers says: “Although we have only just started on site, occupier interest is strong. When completed next February, the site will provide occupiers with a rare opportunity to acquire modern industrial properties in a highly accessible location. ”

Davies & Co has been appointed as selling agent for the scheme.

READING APPROACH DOUBLE LETTING

Chancerygate and joint venture partner Morley Fund Management have let two units at the 120,000 sq ft (11,148 sq m) Reading Approach development in Craddock Road, Reading.

Rentokil Initial has taken 34,000 sq ft (3,158 sq m) at Units D & E on a 15-year lease at an annual rent of £8.95 per sq ft. RAC Auto Windscreens has taken Unit C, totalling 7,950 sq ft (738 sq ft), also on a 15-year lease at an annual rent of £8.95 per sq ft.

Chancerygate director Charlie Withers says: “The Reading industrial market has for some time been characterised by a lack of good quality accommodation in accessible locations.  Both tenants have been attracted by the quality of the development and its proximity of the M4 at junction 11.”

King Sturge, Cushman & Wakefield and Fryer Holt represented Chancerygate and Morley Fund Management.  Rentokil Initial was advised by DTZ and RAC Auto Windscreens was represented by Geo Hallam.

CHANCERYGATE PRESELLS MAJORITY OF CBC COLNBROOK

Chancerygate Business Centres has sold 14 of the 16 freehold industrial properties at its CBC Colnbrook development, Old Bath Road, Colnbrook, Slough - two months before completion of the scheme.

Construction of the 56,970 sq ft (5,292 sq m) development will be completed at the end of September, with units ranging in size from 1,400 – 7,710 sq ft.  The pre-sales achieved prices of up to £200 per sq ft.  Only two units of 2,200 sq ft each remain available.

Chancerygate director Charlie Withers says: “The location of the scheme and the style of the development, which is aimed at owner occupiers and in particular small and medium sized businesses has made the project incredibly successful.  Being within half a mile of Heathrow’s Terminal 5 made this a unique proposition for local businesses.”

Businesses that have agreed to purchase properties at CBC Colnbrook include: Jetstream, Jumbo Distribution, Telenet Logistics and Worldnet. Chacerygate was advised by Colliers CRE and King Sturge.