Chancerygate has sold the final units at its 153,700 sq ft Apollo Park industrial scheme in Yate just over a year after construction completed. The sale marks a successful outcome for the scheme which was one of Bristol’s first speculative developments in almost a decade.
Units 1-5, which total 20,988 sq ft have been sold to a private investor.
Phase 1 of the development combined a 21,300 sq ft HQ warehouse which was pre-let to local occupier Saddleback plus 61,000 sq ft of speculative units. Phase 2 consists of a pre-sold, bespoke 55,500 sq ft warehouse and office facility for national timber panel import and distribution business James Latham plc.
The project was named Development of the Year at Insider Media’s South West Property Awards in October 2017 and is now fully occupied just a year after it was bought to the market.
Chancerygate Development Director, Alastair King, comments: “The scheme is a prime example of Chancerygate’s entrepreneurial nature, its willingness to take risk and its vision to speculatively build in regional markets. It also demonstrates our ability to listen to and work with our end-users to accommodate their requirements whilst providing added value and overcome challenging planning restrictions”.
JLL and Colliers International advised Chancerygate on the project. The buyer of the remaining units was advised by Rae Elson.