Northwood and Chancerygate formed a joint venture last September. Credit: via planning documents

Industrial JV plots 120,000 sq ft Trafford debut

7 June 2022 14:07 Dan Whelan Comments (0)

Chancerygate and Northwood Investors have lodged plans with Trafford Council to create a 16-unit complex, the first scheme to come forward since the joint venture was formed last year.

Located on the corner of Barton Dock Road and Park Road opposite Kellogg’s head office, Chancerygate and Northwood want to redevelop the 5.6-acre former Maritime Transport Depot into a 120,000 sq ft multi-let facility.

The joint venture has exchanged contracts on the site and aims to complete the acquisition in December, according to a planning statement prepared by Hourigan Planning.

The proposed scheme, designed by Fletcher Rae, would feature 16 units across four blocks.

Block A would provide eight units totalling 42,050 sq ft. Block B would provide 42,130 sq ft across four units. Block C would provide another three units totalling 26,700 sq ft. The final block would feature a single 11,600 sq ft unit.

Chancerygate and Northwood joined forces last September with the aim of delivering speculative urban logistics products across the UK’s key cities.

The formation of the JV followed Northwood’s acquisition of an 11-asset Chancerygate portfolio in January 2021. The portfolio included the 215,000 sq ft Mersey reach project in Aintree.