Chancerygate submits plans for £32m

Chancerygate submits plans for £32m

Developer Chancerygate has submitted plans to speculatively build 82,400 sq ft of Grade A urban logistics and warehousing space in Leatherhead.  

Called Victory Park, the proposed scheme will comprise 13 leasehold units ranging from 3,000 to 19,000 sq ft. The projected gross development value is around £32m.

The 4.6-acre site, which was formerly office and warehouse accommodation, is located off Cleeve Road in Leatherhead Business Park approximately one mile north of the town centre and one mile east of junction 9 of the M25. 

Neighbouring occupiers to the proposed development include Unilever and engineering consultancies KBR and RINA Tech UK.

All properties at Victory Park will benefit from electric vehicle charging points and solar cells on their roofs which provide green energy on an affordable basis to occupiers.

In addition, the units will be constructed from high-performance building materials to reduce CO2 emissions. The scheme is targeting an EPC A and BREEAM Very Good rating.

Commenting on the planning submission, Chancerygate development director Jonathan Lee, said: “Leatherhead’s proximity to key motorway infrastructure, skilled local workforce and strong business community means there is strong demand for Grade A urban logistics and warehousing space.

“Our plans for Victory Park will aim to satisfy this demand and provided businesses with high-quality, sustainable accommodation so they are best placed to serve the town and the wider region.”

Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.

The company has offices in London, Warrington, Birmingham, Bristol, and Milton Keynes. It currently has more than 3.2m sq ft of industrial space under construction or ready for development across 24 sites ranging from Bournemouth to Edinburgh

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