JV partners plot Warrington industrial unit
Plans have been submitted for 115,000 sq ft of warehousing space at Gemini8 in Warrington by joint venture developers Chancerygate and Hines, accounting for the last five-acre plot at the business park.
The proposed scheme will provide around 18 units ranging between ranging from 3,900 sq ft to 16,500 sq ft.
Comprising 5.1 acres in total, Gemini8 has direct access to the M62, with occupiers in the area including Ikea, Starbucks, Travelodge and Marks & Spencer.
Chancerygate development director and head of its Warrington office, Mike Walker, said: “The site at Gemini8 is without doubt one of the most prominent in the North West and is the ideal location for a range of high-profile commercial operators.
“We believe the location is perfect for the introduction of modern, high specification industrial and warehousing units aimed at the vitally important SME sector.”
Greg Cooper, Hines UK director of industrial and logistics, added: “Submitting a planning application so soon after we acquired the site is testimony to our confidence in the opportunity to deliver a high quality industrial and trade counter scheme in an excellent location, where we believe there will be significant occupier demand.”
Founded 25 years ago, Chancerygate is an industrial specialist, with 2.9m sq ft of space currently under construction or ready for development across 22 sites nationwide.
In the UK, Hines Is currently active in the office, retail, student housing and logistics sectors, managing a combined UK property portfolio worth more than £2bn. The partnership’s JV portfolio now represents 758,606 sq ft of industrial space.
