Chancerygate eyes SME market at Satellite
Industrial developer Chancerygate has submitted a planning application for a speculative 105,000 sq ft of warehouses as part of the second phase of its Satellite Park scheme in Oldham.
Chancerygate will be working with Royal London to bring forward the project on the former BAE car park plot in Chadderton.
The developer is currently on site with the first phase of Satellite Park, a 60,000 sq ft parcel distribution unit that has been pre-let to DPD on a 25-year lease.
This second phase includes a single unit of 64,360 sq ft that overlooks the M60 and then eight further units ranging from 2,850 sq ft to 8,350 sq ft. There will also be a 1.3-acre plot fronting Greengate suitable for leisure and roadside uses.
Mike Walker, development director for Chancerygate, said: “We are delighted to be working with Royal London again on what will be our fourth scheme together. Bringing this site forward further demonstrates our confidence in the continued strength of the SME and urban logistics market. There is a genuine lack of supply of modern space with good access to the M60 and Manchester city centre and this development will address both those issues.”
Hourigan Connolly is the appointed planning consultant and Fletcher Rae is the architect. CBRE and B8RE are the retained letting agents.
