Chancerygate has been granted planning permission to build 164,765 sq ft of Grade A industrial and warehousing space with a gross development value of around £30m in Aston Clinton.
Called Vantage 41, the speculative development will comprise 16 units ranging from 4,758 sq ft to 43,357 sq ft available on a leasehold basis.
Construction of the development is set to commence in the first quarter of this year with practical completion expected in the fourth quarter of 2022. Chancerygate has appointed A&H Construction as main contractor on Vantage 41.
Located on College Road North, adjacent to Mercedes-Benz and Jaguar dealerships, the development provides quick access to the A41 and Junction 20 on the M25.
Vantage 41 is just under three miles from the centre of Aston Clinton and just over four miles from Aylesbury train station and town centre.
Chancerygate development manager, Matthew Young, said: “We’re very pleased to have secured planning consent to deliver Vantage 41. Since acquiring the site last February, interest for new build Grade A industrial units has only intensified as demand continues to outstrip supply.
“Vantage 41 will provide businesses within Buckinghamshire and surrounding areas with the opportunity to relocate, expand or consolidate.
“The development will be built according to Chancerygate’ s high sustainability standards providing occupiers with energy saving benefits.
“These will include electric vehicle charging points, high performance insulated wall and roof materials and a thoughtfully designed landscaped environment within the development.”
Agents for Vantage 41 are JLL and Brown and Co.
You can learn more about Chancerygate’s live developments here.