Following completion of its acquisition of the former Klinger factory and site in Sidcup, leading industrial developer Chancerygate has pre-sold a key part to self-storage operator, Titan Storage Solutions for its own occupation. The Klinger building which fronts a prominent seven-acre development site on Edgington Road was acquired by Chancerygate earlier this year and will be sympathetically converted into a 60,000 sq ft self-storage facility for Titan at the same time retaining the original façade of this unique landmark building.
Designed by Walter Gilbert & Partners in 1936, the Klinger factory is a Grade II listed building. Chancerygate has collaborated with Historic England, The London Borough of Bromley and Titan to enable the building to come back into working use after having lain empty and derelict for many years.
Chancerygate is also planning a multi-unit industrial and warehousing development on the remainder of this prominent site which will encompass 107,000 sq ft of business space in 13 units. The units are being marketed for sale or lease by Colliers International and DTRE with strong interest in the scheme already being registered by the joint agents. More disposals are therefore being lined up and expected to commit before construction commences.
A planning application for the project is being finalised and will shortly be submitted with a view to construction starting on site in early 2017.
Jonathan Lee, Development Manager at Chancerygate commented: “This is an exciting project for Chancerygate and its project management team allowing us to exercise our skills and construction expertise by bringing back into use a listed building alongside a more traditional industrial scheme. There are no other new freehold units currently available in the area, and given the fact that an average of 23,000 vehicles pass the site each day and having Titan as an anchor, we’re getting strong interest from a number of trade counter operators and other businesses that value the accessibility and visibility of this key location in a south London suburb.”
Eddie Cook, Chancerygate’s Managing Director commented: “This is the 9th development site purchased by Chancerygate this year with 1.6m sq ft committed or in the pipeline to be brought forward in 20 schemes. Following the EU Referendum, we are still seeing strong occupier demand. Other development projects we have planned in Southall, Chelmsford and Enfield are close to being fully committed to buyers and tenants prior to construction starting.”