Chancerygate win consent for new Hemel Hempstead development

Leading industrial developer and asset manager, Chancerygate, has been granted planning consent for the speculative development of Spring Park – a 41,000 sq ft warehouse and distribution scheme in Hemel Hempstead.

The development will front Maylands Avenue and comprise six units for warehousing, distribution and ancillary trade. The units range in size from 4,635-10,960 sq ft with the flexibility to be combined. The largest unit has a private secured yard with a depth of 21.3 metres.

The new project follows the success of the company’s Maylands Point development at the same location which saw the letting of units totalling 58,000 sq ft at rents of up to £10.50 per sq ft.

Construction is due to commence within the next two months with the scheme available for occupation in Q1 2019. Brasier Freeth and Dohertybaines have been retained as the schemes joint letting agents.

Chancerygate Development Director, Jonathan Lee, commented: “Maylands Point was a highly successful development with 100% of the 58,000 sq ft scheme let prior to practical completion. Spring Park is equally as prominent and is already attracting interest from national operators”.

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