One Unit Remains at Chancerygate’s £11m, 72,000 sq ft Forge Industrial Park scheme in Minworth.
Situated on Forge Lane, the development comprises 11 high specification Grade A units and achieved practical completion in March this year. The remaining unit at the scheme is 5,890 sq ft and is available on a freehold or leasehold basis.
Future occupiers of Forge Industrial Park are automotive brand Mercedes; supermarket, wholesaler and distributor supplier Food Store International; machinery manufacturer Rubbernek Fittings; Johnson Veterinary Products; Rope & Sling and Western Auctions.
Located eight miles north east of Birmingham city centre, the scheme provides access to the A38 dual carriageway which links to junction 5 and junction 6 of the M6.
Chancerygate development director and head of the company’s Birmingham office, Mark Garrity, said: “There is significant demand in the region for strategically located Grade A urban logistics space. This is clearly evidenced by the successful disposal of units at Forge Industrial Park and in the strong interest we have for the seen in the final remaining unit.
“Our goal is to continue to be best placed in the Midlands when it comes to developing high specification, sustainable units in well-connected locations to satisfy SMEs’ property needs.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.
The developer has had considerable success throughout the Midlands since opening its Birmingham office opened in 2018 by delivering sustainable Grade A accommodation across its developments.
A joint venture (JV) between Chancerygate and specialist investor Bridges Fund Management recently forward sold a 250,000 sq ft urban logistics development called Holbrook Park in Coventry to Westbrook Partners for an undisclosed sum.
Last year, a JV between the developer and international real estate firm Hines agreed to forward sell the 93,000 sq ft Aston Gateway urban logistics development in Birmingham to real estate private equity firm Northwood Investors, also for an undisclosed sum
In addition to Birmingham, Chancerygate has offices in London, Warrington, Bristol and Milton Keynes. 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.
Chancerygate also manages in excess of £325m of assets across more than five million sq ft of commercial space in over 460 units.
Knight Frank and Gerald Eve are joint sales agents for Forge Industrial Park.
For more information visit www.chancerygate.com
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