Developer Chancerygate has acquired a 4.59-acre site in West Sussex to speculatively build 105,000 sq ft of Grade ‘A’ urban logistics and industrial space.
Chancerygate plans to develop a 105,000 sq ft industrial and urban logistics scheme near Horsham.
The site is in Southwater Business Park, near Horsham, and Chancerygate plan to develop seven freehold units ranging from 9,775 sq ft to 33,350 sq ft with a gross development value of around £27m. Graves Jenkins will be joint marketing agents on the scheme.
Chancerygate development manager Matthew Young said:
“There is pent-up demand for freehold urban logistics and industrial space across the region and we have previously seen occupiers become more footloose to secure freehold properties. Our proposed scheme will generate a catchment area of interest from locations such as Brighton, Worthing, Crawley, Reigate and Redhill. This will help stimulate further investment and job creation, and support growth in the local and regional economy”.
All properties will be built with cycle storage, electric vehicle charging points and solar cells. The scheme is targeting an energy performance certificate ’B’ and BREEAM ’Very Good’ rating as a minimum.
The developer will submit its planning proposal to Horsham District Council in September with the aim of securing approval in early 2024.
Chancerygate was advised on the site acquisition by Graves Jenkins.
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