Developer Chancerygate hails strong start to 2022 with 126,000 sq ft of industrial space now underway at Knutsford and Congleton

Industrial developer Chancerygate, which has an office in Warrington, has announced work has commenced on a combined 126,000 sq ft of Grade A industrial space in Knutsford and Congleton.

The news marks a strong start to the year for the developer’s Warrington-based team. In addition, the office submitted plans in January to speculatively build 72,000 sq ft of industrial and warehousing space in Bredbury.

Called Cromwell Park, and subject to planning, the Bredbury development will comprise 10 leasehold units ranging from 1,930 sq ft to 22,000 sq ft.

In Knutsford, Chancerygate has started work on phase two of its £33m, 207,000 sq ft Novus business park which is located within Parkgate Industrial Estate.

The second phase will deliver 73,000 sq ft of industrial space and create up to 100 jobs. It comprises nine units ranging from approximately 2,000 sq ft to 50,000 sq ft which are available on a freehold and leasehold basis.

A 50,000 sq ft bespoke unit on phase two has already been forward sold to furniture company VIDA Living. The company will move its UK operation from Cheadle and use the unit for storage and distribution purposes. Phase two is scheduled for practical completion in the fourth quarter of this year.

Work has also started at Chancerygate’s development within Congleton Business Park. Called Norse Trade Park, the £7m, 53,000 sq ft scheme will comprise ten leasehold units.

These range from approximately 2,900 sq ft to 9,550 sq ft with one already pre-let to trade kitchen supplier Howdens. Practical completion of the development is expected by this October.

Chancerygate development director and head of the Warrington office, Mike Walker, said: “We had an exceptionally strong 12 months last year and have continued that momentum into 2022.

“Our forward sale and pre-let at Novus and Norse Trade Park respectively are indicative of the high demand for Grade A multi-let industrial and warehousing accommodation in the North West.

“We are well known in the regional marketplace for the consistent delivery of speculative schemes of this type for the benefit of both funders and occupiers.

“This year, we’re going to further build upon that reputation whilst actively identifying and securing future development opportunities, such as Bredbury, throughout the North West.”

Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.

The company currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh. In addition to Warrington, the company has offices in London, Birmingham, Bristol and Milton Keynes.