Chancerygate has achieved practical completion on its 165,000 sq ft Grade A urban logistics scheme in Aston Clinton, Buckinghamshire.
Called Vantage 41, the development comprises 16 units ranging from 4,800 sq ft to 43,600 sq ft. The gross development value is around £35m.
Three units totalling 79,400 sq ft, which is half of the available space at the development, have been pre-let ahead of practical completion. A further two units totalling 13,400 sq ft have recently been placed under offer.
Occupiers include oriental food specialists Korea Foods Company Limited, Europe’s largest importer of Korean products, alongside a national wholesale DIY, garden, janitorial and engineering supplier.
There are 11 units ranging from 4,800 sq ft to 9,900 sq ft that remain available on a leasehold basis with strong interest in the scheme from potential tenants.
Vantage 41 is situated four miles east of Aylesbury directly off the A41 with excellent road connectivity to junction 20 of the M25 and 18 miles east of junction 8A of the M40.
The scheme has achieved a BREEAM Very Good accreditation and features electric vehicle charging points and a selection of units include solar panels which provide green energy on an affordable basis to occupiers. The units are constructed from high-performance building materials to reduce CO2 emissions.
Chancerygate senior development director, Matthew Connor, said: “There is an acute shortage of small to medium sized urban logistics and warehouse units available to lease in the Buckinghamshire region.
“Vantage 41 will help meet this demand and unlock the economic growth in the region which is being held back by the lack of high-quality, sustainable accommodation. This is already evidenced by 50 per cent of the space at the scheme being pre-let at practical completion.
“We’d like to welcome the new tenants who can now benefit from the development’s close proximity to major infrastructure routes, ensuring they are best placed to serve regional and national markets.”
Agents for Vantage 41 are JLL and Brown and Co.
You can learn more about Chancerygate’s development sites across the UK here.