Chancerygate picks up Old Trafford ‘last mile’ logistics site
Subject to planning consent, the two-acre plot will accommodate UrbanX, a 53,000 sq ft development across two units, following a deal with Landmark Group.
Chancerygate said its sustainable urban logistics scheme will have a gross development value of around £15m.
The logistics sector specialist intends to submit a planning application in July.
The Old Trafford site was acquired from real estate investor Landmark for an undisclosed sum. Christopher Dee and BC Real Estate advised Chancerygate on the transaction whilst Mason Partners acted for Landmark. BC Real Estate and Savills are agents on the scheme.
UrbanX will comprise two leasehold units, one offering 30,200 sq ft and the other 22,800 sq ft, which will both target EPC A+ and BREEAM Excellent ratings. Chancerygate estimates that the scheme will create up to 60 jobs.
Located on Brindley Road less than one mile from Manchester city centre, the site is adjacent to the Bridgewater Way arterial route and the established Trafford Park and Salford Quays areas.
Chancerygate development director, Chris Brown, who is based in the company’s Warrington office, said: “Our proposed UrbanX development will provide occupiers with an unrivalled strategic location within Manchester.
“We believe our proposals will create the platform for urban logistics occupiers to better service the ever increasing city centre population more efficiently and facilitate up to 60 jobs.
“It will also further showcase the high specification, sustainable accommodation we consistently deliver throughout the North West as we continue to expand our development footprint in the region.”
Founded in 1995, Chancerygate has around 1.41m sq ft of urban logistics space under construction or ready for development across 11 sites ranging from Edinburgh to Croydon.
Plans will be lodged in July. Credit: via Brand8 PR
Great to see this ultra urban scheme come forward and hope they will realise profit soon.
By Mr Sheds