More jobs will be coming to Congleton after a 2.2-acre plot at Congleton Business Park was bought to become a 10-unit, 53,000sqft light industrial scheme.
Industrial developer Chancerygate, which has an office in Warrington, has bought the site and, subject to planning approval, will speculatively develop 10 light industrial units ranging in size from 2,906sqft to 9,548sq t. Units will be available on a leasehold basis.
The site is the last remaining undeveloped plot at Congleton Business Park and was bought by Chancerygate from developer Gladman Developments for £525,000. The site has a gross value once developed of £7m.
Located on Viking Way, the business park occupiers range from Airbags International, to financial planning firm Franklyn Financial Management and Gladman’s own headquarters. Congleton Retail Park, which is home to Boots, M&S and B&M, is a short walk from the site.
The site will also join the new £90m Congleton Link Road, which is due to open next month.
Chancerygate expects to submit its planning application to Cheshire East Council next month and intends to bring its scheme to market branded as Congleton Trade Park.
Chancerygate development manager Chris Brown said: “We’re very pleased to have secured this plot at the well-established Congleton Business Park. It’s an ideal location for us to bring forward high-quality trade and light industrial space across a series of smaller units and we’re already receiving a great deal of interest from major national trade occupiers.
“The new Congleton Link Road, will connect directly into the site once it completes next month, which means that our scheme will have excellent connectivity to the M6 and the wider Cheshire market plus fantastic retail and leisure amenity on its doorstep.”
Romy Silvers, commercial property director at Gladman, said: “Congleton Business Park has proved to be very successful for us and is where our head office is.
“We have been able to work very closely with Chancerygate through the transaction, forging a very good working relationship and we hope to be able to work with them again in the future.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager. The company currently has up to three million square feet of industrial space under construction or ready for development across 23 sites ranging from Bournemouth to Edinburgh.
Chancerygate also manages in excess of £255m of assets across more than five million square feet of commercial space in more than 390 units. In addition to Milton Keynes, the company has offices in Birmingham, London and Warrington.
