Chancerygate and specialist sustainable and impact investor Bridges Fund Management have secured four lettings and completed the second and final phase at Holbrook Park in Coventry.
Situated off Holbrook Lane and Swallow Road on the former Meggitt aerospace factory site, the 254,000 sq ft sustainable urban logistics development comprises 31 units ranging from 2,485 sq ft to 40,120 sq ft.
The four occupiers are assembly and fastening material manufacturer Wurth, bathroom product supplier Clifton Bathrooms, smart energy solution specialist Kelvatek and trophy manufacturer TrophyMe.
In addition, two further units are currently under offer, with strong interest being expressed by potential occupiers for the remaining accommodation at Holbrook Park. There are a total of 25 units left available on a leasehold basis, ranging from 2,485 sq ft to 22,420 sq ft.
The development is located two-and-a-half miles from the centre of Coventry and provides good access to junction 3 of the M6. It forms part of a large mixed-use commercial and residential development, which also includes 499 new homes.
All properties at Holbrook Business Park benefit from electric vehicle charging points and include solar panels providing green energy.
Chancerygate development manager, Rob Watts, who is based at the company’s Birmingham office, said: “Holbrook Park provides occupiers with much-needed sustainable, high-specification urban logistics accommodation in a well-connected strategic location within the West Midlands.
“With four lettings secured, two under offer and the second and final phase of Holbrook Park now complete, we are busy showing interested parties around and discussing their options with them.”
Chancerygate and Bridges have been working in partnership on projects for more than 10 years. Investments include the acquisitions of sites for industrial development in Leeds and Coventry; the regeneration of Beeston Business Park, Nottingham; and the development of ‘The Curve’, a student housing development in London SE1.
Guy Bowden, partner at Bridges Fund Management, added: “It’s great to see the strength of demand for these units that we’re developing with Chancerygate at Holbrook Park. It reinforces our long-held view that high-quality, highly sustainable logistics buildings are going to be very attractive to potential occupiers, because it enables them to reduce their operating costs while also reducing their emissions and achieving their ESG goals.”
Agents for Holbrook Business Park are Avison Young and KWB.
You can learn more about Chancerygate’s live projects across the country here.