Chancerygate has been granted planning permission to build 72,000 sq ft of Grade A urban logistics space in Bredbury.
Called Cromwell Park, the development will comprise nine Grade A industrial warehouse units ranging from 2,300 sq ft to 59,500 sq ft available to lease. The projected gross development value is around £16.5m, with the planning being granted also triggering the completion of the land purchase from multinational food processing and retailing company Associated British Foods Group.
The enabling works are set to commence in late 2023 with the main scheme construction due to start in early 2024.
The four-acre site is located on the prime Bredbury Park Industrial Estate, offering excellent access to Stockport town centre and junction 25 of the M60.
Neighbouring occupiers include leading national bakery Allied Bakeries, international courier delivery services company TNT, carpet wholesaler Hadfields and chain manufacturer Renold Chains.
All buildings at Cromwell Park will benefit from electric vehicle charging points and solar cells on their roofs which provide up to 35 per cent of the units’ energy needs. In addition, the units will be constructed from high-performance building materials to reduce CO2 emissions. The project is targeting an EPC rating of A+ and BREEAM Very Good.
Chancerygate development director, Chris Brown, said: “We are pleased to secure planning on this site and will now prepare to start the necessary works to begin the construction phase of the project.
“Our agents have received an unprecedented number of occupier enquiries for the site, and we are confident take up will be strong given the lack of alternative new Grade A space in Bredbury.
“The scheme marks one of the last remaining opportunities to develop a site allocated for employment in the Stockport borough, so will support and enable growth within the local economy.”
Agents for the proposed scheme are Williams Sillitoe and Cushman & Wakefield.
You can learn more about Chancerygate’s live projects across the country here.