Chancerygate has started construction work on a new build 17-unit, 116,448 sq ft light industrial and warehousing scheme on the former Allied Bakeries site in Norwich.
Called Diamond Point, the 4.55-acre site is accessed via Diamond Road and Vulcan Road North. It forms part of the northern industrial estates and will have a gross development value of £13m.
The speculatively built Grade A units on the site will range from 3,045 sq ft to 19,912 sq ft and are available on a leasehold basis. The development is scheduled to achieve practical completion this September.
Located two-and-a-half miles to the north of Norwich city centre, Diamond Point provides excellent links to Norwich Airport, the A47 and the A1042 inner ring road.
Chancerygate development director, George Dickens, said: “Covid-19 has highlighted the importance of the industrial and logistics sector, there is pent-up demand for our high-quality product and this speculative development will provide Grade A space in a market of very short supply. Our intention is to deliver a great asset for businesses to enable growth in the region.”
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