The industrial developer has acquired 16 acres of development land at Parkgate Industrial Estate just outside the Cheshire town.
Mike Walker, development director for Chancerygate in the North West, said: “This is one of the prime locations in South Manchester and Cheshire that we have been targeting and the planned 300,000 sq ft development that we are going to undertake will be of interest to a number of national and local businesses. We have already had strong occupier interest.
“The first phase of speculative development will provide around 85,000 sq ft of industrial and warehousing space in units of various sizes which will be able to accommodate a wide spectrum of end users.”
Chancerygate is active across the region: this month it obtained consent for 212,000 sq ft close to Liverpool 2 from Sefton Council, while in June it was granted permission to develop 12 self-contained units at Matrix Park, Chorley.
The Knutsford site was acquired from Oliver Valves and adds to Chancerygate’s current UK development pipeline of around 2.2m sq ft.
Oliver Valves was represented on the deal by Gerald Eve, while Chancerygate was advised by Williams Sillitoe. Both agents have been retained as agents on the development.