Chancerygate has been granted planning permission to develop a new 19-unit business centre totalling 145,000 sq ft in Ipswich.
Called Cranes Business Centre, and accessed via Crane Boulevard and James Bennett Avenue, the site was purchased in April. Construction is set to begin in September and the first units will be available in summer 2020, with two already under offer.
Located at Futura Park, the 5.7-acre site will offer units ranging in size from 2,050 sq ft to 51,000 sq ft for B1 (c), B2 and B8 industrial uses. The units are available to purchase freehold.
The development will also include environmental and sustainability details such as electric vehicle charging points and high-performance building materials.
Situated in a prime business location with proximity to brands such as John Lewis, Waitrose, Jaguar Land Rover and Lok’n Store, and fast access to junction 57 of the A14.
Chancerygate development director, George Dickens, said: “We are very pleased to have been granted detailed planning consent by Ipswich Borough Council who have recognised the potential of regenerating this brownfield site into a high specification business centre.
“Cranes Business Centre is an excellent example of the type of strategic regional location that Chancerygate seeks to develop and, in doing so, create new business and employment opportunities.”
Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. Its asset management team currently manages £220m of assets across 4.9m sq ft of commercial space in more than 350 units.
This year, the company is aiming to triple its completed developments compared with the previous year, targeting 1 million sq ft across 11 schemes compared to 340,000 sq ft in 2018.