Chancerygate Coventry

Chancerygate, and their partner Bridges Fund Management, have acquired a 12-acre site which will be developed into 254,000 sq ft of logistics and industrial space.

The site, in Coventry and strategically located close to J3 of the M6, will be developed over two phases – with a development value of £35m.

The development will form part of a much larger mixed-use commercial and residential development happening in the area – with Persimmon and Taylor Wimpey actively working together on a 515 home project next to this site.

Speaking of the scheme Richard Lord, Development Manager at Chancerygate, said: “As part of our continued nationwide expansion, this is a strategically located site in the heart of the West Midlands where there is strong demand for high-quality industrial space. We are confident of creating a development that will provide owner occupiers with the best place to locate to enable them to further enhance their businesses.”

The JV between Chancerygate and specialist sustainable and impact investor Bridges has previously collaborated on the 48-acre Beeston Business Park, Nottingham.

Bridges Fund Management Partner Guy Bowden added: “Our partnership with Chancerygate is well-established. With the acquisition of this new site in Coventry we will soon have our JV’s first location in the West Midlands, which will allow us to demonstrate the quality of our product and service and support economic growth in the region.”

Chancerygate are spekaing at our upcoming Cheshire Development Plans Event – details of the event can be found here >