24 March 2025
Chancerygate and Bridges Fund Management start work on new £46.5m, 223,000 sq ft grade a sustainable logistics development in Leeds
Chancerygate and Bridges Fund Management, a specialist sustainable and impact investor, have started work on the construction of a new 223,000 sq ft Grade A urban logistics development in Leeds.
Called T45, the development will comprise 23 units ranging from 4,450 sq ft to 34,000 sq ft. All units are available on a leasehold or freehold basis, and once complete the scheme will have a gross development value of around £46.5m.
Located on the A63 East Leeds link road within the Cross Green industrial area, the site benefits from excellent access to Leeds city centre and is close by to junction 45 of the M1. Neighbouring occupiers include Amazon, Premier Farnell, John Lewis, FedEx, Lamborghini and McLaren.
Construction work has started on the 11.1-acre site and is due to be completed in early 2026.
T45 is targeting a BREEAM accreditation of Excellent and all the units are designed to have targeted minimum EPC rating of A rating.
Features for all the units include electric vehicle charging points, air sourced heat pumps and solar panels providing green energy. The units will also be constructed from high-performance building materials to reduce CO2 emissions.
Chancerygate development director, Chris Brown, said: “T45 marks the first multi-let urban logistics scheme to be delivered in Leeds on this scale for a generation, and is Chancerygate’s first new build development in Yorkshire.
“T45 will boast stand out ESG credentials and excellent connectivity being situated less than a mile of the M1.
“This, coupled with the inherent lack of new-build multi-let industrial space in Leeds gives us strong reason to believe this will be well received by businesses in the Leeds City Region.”
Joint agents for the scheme are JLL and Carter Towler.
