The industrial developer and asset manager has submitted a planning application for Novus, a scheme within the Parkgate industrial estate on the edge of the Cheshire town.
Novus will be built in phases on a 16-acre site at the eastern end of the established industrial area, on Haig Road, in one of the largest schemes that Chancerygate is currently developing. The site was acquired last summer from Oliver Valves.
Phase one is to total 78,000 sq ft, comprising seven units ranging from 4,000 sq ft to 24,000 sq ft, with Chancerygate aiming to be on site by this summer. The remainder of the site will be developed in further speculative phases or on a design and build basis, potentially with units of up to 100,000 sq ft dependent on occupier requirements.
Richard Bains, managing director for Chancerygate, said: “This site is a great example of what we are trying to achieve by developing out larger sites that can accommodate companies in the burgeoning SME and mid-box markets. We are focusing on securing more sites of this scale in 2018.”
Mike Walker, development director for Chancerygate in the North West, added: “We purchased this prime site in July 2017 with the intention of getting on site to build out the proposed scheme speculatively, as quickly as possible.
“We hope to be on site in June 2018 and have been extremely encouraged by the number of discussions we have already had with prospective occupiers interested in the scheme.
“Ultimately we envisage the development will create around 140 jobs in the construction phase and up to 720 new permanent jobs when the scheme is completed. Novus will make a substantial contribution to the local economy and ensure Knutsford continues to thrive.”
Industrial specialist UMC is the architect for the development, with Hourigan Connolly acting as planning consultant. Gerald Eve and Williams Sillitoe have been retained as joint agents.