Commercial : Industrial News
Andrew Scott Hand over new Manufacturing and R&D Centre in Newport

Andrew Scott Hand over new Manufacturing and R&D Centre in Newport

Andrew Scott Limited is delighted to have successfully completed and handed-over the brand new £100m Manufacturing and R&D Centre in Newport for their client, Trebor Developments. The 210,000sqft development represents a multi-million-pound investment by international high-tech manufacturing and research & development company, KLA Corporation.  The new building, for up to

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Prologis Park Kettering supports Mannol's expanding UK operations

Prologis Park Kettering supports Mannol’s expanding UK operations

Prologis UK, a leading owner, developer and investor of logistics property, has leased DC4 Prologis Park Kettering to Mannol, a leading global lubricant supplier. The 10-year lease will support Mannol’s expanding UK operations. Located in the prime logistics ‘Golden Triangle’, the 154,452 sq. ft. unit will provide the space required for

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Landmark expansion of technology hub completes in Coventry

Landmark expansion of technology hub completes in Coventry

Works have completed at Project Holst – a £75 million industrial warehouse scheme located at Coventry’s renowned Prospero Ansty Park. Ansty Park is a major business park positioned next to the M6 and M69 junction providing unrivalled access to the UK’s major motorway network, which is home to a number

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Final unit lands at Apollo logistics scheme in Ansty Park, Coventry

Final unit lands at Apollo logistics scheme in Ansty Park, Coventry

Construction has successfully completed on the final speculative unit at Apollo, a c.850,000 sq ft warehouse/logistics scheme at Ansty Park in Coventry. Apollo 5 delivers 301,591 sq ft of highly specified accommodation in a premier logistics and manufacturing location in the golden triangle, near Jct 2 of the M6 and

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CHANCERYGATE AND MITISKA REIM NEW JOINT VENTURE ACQUIRES FIRST PORTUGAL DEVELOPMENT SITE

CHANCERYGATE AND MITISKA REIM NEW JOINT VENTURE ACQUIRES FIRST PORTUGAL DEVELOPMENT SITE

Urban logistics property developer and asset manager Chancerygate and real estate investor Mitiska REIM, the leading specialist investor in European convenience real estate, have announced a strategic joint venture (JV) to develop multi-let light industrial parks in Portugal. The JV has completed its first acquisition, which is a 6.67-acre (2.7-hectare) brownfield site located 20 minutes’ drive

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Latest Issue
Issue 325 : Feb 2025

Commercial : Industrial News

Clowes Developments confirm purchase of 31-acre development site, Harrier Park in Hucknall, Nottingham

Clowes Developments confirm purchase of 31-acre development site, Harrier Park in Hucknall, Nottingham

Clowes Developments have successfully purchased a 31-acre site at Harrier Park, Hucknall from Rolls-Royce via their Development manager Muse. The business park has been fully serviced by Muse and has the benefit of planning permission for circa 500,000 sq ft of warehouse/industrial space across six buildings. The site is located just on the edge of Hucknall being within a 10-minute drive between junction 26 and 27 of the M1 Via the A611. East Midlands Airport, East Midlands Parkway Train Station and the cities of Derby and Nottingham are all accessible within a half an hour drive from the business park. Harrier Park sits outside the Nottingham workplace parking levy. The site, aptly named Harrier Park, has a wealth of industrial history and a legacy of innovative engineering. The land was formerly used as an aerodrome associated with the development of the famous Rolls-Royce Merlin engine during World War II followed by the world’s first successful vertical take-off in the 1950’s with technology which in turn led to the Harrier ‘Jump Jet’ being developed. Hence the name, Harrier Park. Sarah Day, Senior Land Manager at Clowes Developments commented on the deal, “There are a considerable number of off-market opportunities being presented to Clowes currently, we are running appraisals daily, occasionally we find a site that ticks all our boxes and Harrier Park certainly does that. The site has the potential to develop just over 500,000sq ft of industrial use facilities in a prime location with great connections across the East Midlands. We look forward to working with the local planning authority, Ashfield District Council, to bring forward a business park which will enhance the economy and provide employment opportunities locally.” Clowes Developments have been heavily developing existing land banks across England and Scotland, more recently, the group have been driving the purchase of development sites. The announcement of the purchase of Harrier Park comes less than a week after the group shared the news that they purchased a 35-acre, mixed use site at Pleasley Hill in Mansfield. The groups ongoing investment demonstrates Clowes’ commitment to growth, ensuring a healthy pipeline of future developments for years to come. Clowes Developments is one of the UK’s largest and strongest privately-owned property investment and development organisations, dedicated to a simple aim: to build a legacy of strong, sustainable places that will enable future generations to prosper. James Richards, Development Director at Clowes Developments will now look to firm up the site’s masterplan with their newly appointed design team. Fisher German represented Clowes on the purchase of the site and together with FHP Property Consultants have been appointed to market the site’s ‘design and build’ opportunities for occupiers to buy or rent premises at Harrier Park. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Andrew Scott Hand over new Manufacturing and R&D Centre in Newport

Andrew Scott Hand over new Manufacturing and R&D Centre in Newport

Andrew Scott Limited is delighted to have successfully completed and handed-over the brand new £100m Manufacturing and R&D Centre in Newport for their client, Trebor Developments. The 210,000sqft development represents a multi-million-pound investment by international high-tech manufacturing and research & development company, KLA Corporation.  The new building, for up to 750 staff, has been designed to achieve a BREEAM Excellent rating, reflecting KLA’s commitment to its environmental goals, and will include offices, cleanrooms, storage and support facilities.  Inside of the building façade will be three floors of high-quality working environments, providing staff with modern workspaces, flexible breakout areas and a staff restaurant. With staff wellbeing a priority, the new building includes a gymnasium and a footpath to support employee fitness and health. There is ample secure cycle storage and shower facilities for those who take part in the company’s Cycle Scheme or just cycle to work to keep fit and do their part for the environment.   In addition to the recent practical completion, there were sectional completion dates that Andrew Scott achieved throughout the project: During the project, Andrew Scott Ltd partnered with Avena to launch a PPE waste recycling initiative on site. As a result of this, 174kg of textiles were diverted from landfill, saving 82.72kgCO2e. The site also received 45/45 on its recent Considerate Constructors Scheme visit, demonstrating the positive contribution to the local environment and social and economic well-being of the local community.      Mark Bowen, Managing Director of Andrew Scott, said “We are delighted to handover this prestigious project on time, to our client Trebor Developments and KLA Corporation. The completion of this new Manufacturing and R&D Centre is a testament to the hard work, collaboration and vision of everyone involved in the project. We are extremely proud of what has been achieved and being a part of this remarkable facility.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Prologis Park Kettering supports Mannol's expanding UK operations

Prologis Park Kettering supports Mannol’s expanding UK operations

Prologis UK, a leading owner, developer and investor of logistics property, has leased DC4 Prologis Park Kettering to Mannol, a leading global lubricant supplier. The 10-year lease will support Mannol’s expanding UK operations. Located in the prime logistics ‘Golden Triangle’, the 154,452 sq. ft. unit will provide the space required for Mannol’s future growth ambitions, with transport links to the M1, M6 and M11, as well as connections to coastal ports and rail hubs, for national and international distribution. Mannol will join household brands including CEVA, Argos and Specsavers at the Park. Jevgenij Lyzko, Chief Executive Officer at Mannol, said: “As we continue to grow, we were in need of a larger unit to cater for our expanding operations. We chose Prologis UK as our trusted partner to provide this. DC4 Kettering offers a large, modern facility and has the benefit of great transport links to our distribution network and an array of welfare amenities for our workforce.” In line with Prologis UK’s sustainability credentials, DC4 underwent a full refurbishment, including both the main warehouse and the office block, bringing the unit to an EPC A rating. The all-electric unit is fitted with warehouse LED lighting, sprinklers and racking allowing for immediate occupation. Prologis Park Kettering also benefits from a rich labour pool with a large percentage of the local population already employed within the logistics sector. Additionally, the site benefits from a public open space, Linear Park, encompassing 90 acres of regenerated land and featuring woodland areas,  outdoor gym and network of paths to staff and the local community. Linear Park is owned and managed by Prologis as part of its PARKlife services. Mannol has also been provided with a Prologis Essentials allowance, providing opportunity for future upgrades as and when required. As an integrated product service offering, Prologis Essentials is a turnkey warehouse solution which can offer enhancements in the areas of operations, energy and mobility. Tom Price, Leasing Director at Prologis UK, said: “DC4, and Prologis Park Kettering, was the perfect fit for Mannol’s expanding operations. Originally built in 2007, we upgraded DC4 to meet the same high-quality standards of our current generation buildings in order to match customer expectations. The refurbishment programme also allowed for additional future proofing, for example the option to add in in additional EV charging points as needed. “We look forward to welcoming Mannol and watching the business grow and take advantage of all that the location offers.” ILPP and Cushman and Wakefield acted for Prologis UK. Louch Shacklock acted for Mannol. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Landmark expansion of technology hub completes in Coventry

Landmark expansion of technology hub completes in Coventry

Works have completed at Project Holst – a £75 million industrial warehouse scheme located at Coventry’s renowned Prospero Ansty Park. Ansty Park is a major business park positioned next to the M6 and M69 junction providing unrivalled access to the UK’s major motorway network, which is home to a number of high-profile companies including Rolls-Royce, Sainsbury’s, Cadent, Meggitt and MTC. McLaren Construction (Midlands and North) commenced the delivery of four industrial units and associated offices at Project Holst in January last year, on behalf of Manse Opus. All units are now finished and open to speculative tenants. The commercial units span a total of 856,109 sq. ft. and predominantly comprise a cladded portal frame with a CAT A open plan layout. The site also features an external logistics yard with a level and dock access area, dedicated parking spaces with electric charging points, communal areas and landscaped gardens. The offices have a largely open plan design to provide flexibility to prospective tenants, and the architecture has focused on the business culture and purpose of the technology park, reflecting the current variety of highly skilled professions already present within the surrounding developments. Units are highly energy efficient and were designed to meet a BREEAM Excellent rating. Their design has incorporated the application of roof top PVs and rainwater harvesting tanks. The scheme entailed a complex earthworks operation which took place prior to construction and extensive infrastructure works were needed to access the plots and associated balancing ponds, to accommodate storm water. All removed earth was also reused back within the site, to reduce waste and provide a greater circular approach. As part of the wider landscaping scheme, new ecological areas were also developed during the construction and population of the site, and prior to works commencing, great crested newts were identified and relocated, with protective fencing installed around the perimeter of the site. Giving back to the local community, voluntary works were also carried out at the Grace Academy during the summer months and the team created a sensory open space for students to enjoy. Project Holst marks the third scheme at the park that McLaren Construction and Manse Opus have partnered together for, following more than three years of collaboration. Operations director of McLaren Construction Midlands and North, Shaun Colley, said: “We’re delighted to have partnered with Manse Opus again to provide further expansion to Prospero Ansty Park for this next phase, which is now complete. “Prospero Ansty Park is a fast-growing business and industrial hub for the West Midlands, for which we previously completed works for Apollo and Cadent. We have managed to overcome many challenges with this site – battling extreme weather. However, our skilled team of contractors managed to stick to the critical timelines of the programme and delivered an exceptional product. “Our focus for the scheme has been on providing energy efficiency and indoor environmental quality, which ensures energy consumption efficiencies whilst promoting a healthier and inviting workspace. The central high-specification commercial office space is ideally positioned to cater to clients in the industrial and logistics sector, bringing our client’s vision to life.” David Mitchell & Victoria Turnbull, Joint Managing Directors of Manse Opus commented “We are proud of what we have achieved on site since our appointment in 2019. The transformation of this unused land to create the stunning buildings you see there today has been a great privilege and one we are really proud to have been able to achieve.  We have contributed to safeguarding the legacy of a site which has such an impressive history.” To find out more about McLaren Construction (Midlands and North) Ltd, please visit: www.mclarengroup.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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Glencar instructed for the first time by Logicor to construct new BREEAM Outstanding 330,000 sq ft Northwest warehouse

Glencar instructed for the first time by Logicor to construct new BREEAM Outstanding 330,000 sq ft Northwest warehouse

The project will see the redevelopment of a 20-acre site, replacing the existing facility made up of two 1980s warehouses totalling 335,000 sq ft with a modern single storey warehouse. Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced that it has been appointed by Logicor, a leading owner, manager and developer of European logistics real estate to construct a 330,000 sq ft highly sustainable warehouse at Little Hulton, in Bolton. The project will see the redevelopment of a 20-acre site with demolition of the existing warehouses and removal and recycling of existing hard standings along with grouting of existing mine shafts and ground improvement across site, before constructing a brand new state-of-the-art, highly sustainable warehouse. The new facility will target BREEAM Outstanding and an EPC A rating. It will feature 311,500 sq ft of warehouse space, a 2,000 sq ft hub office and approximately 13,000 sq ft of office space over three storeys. It will feature upto 18M eaves height, as well as 32 dock and three level access doors. Other sustainability features include LED lighting, EV charging points and rainwater harvesting. The office pod will have a green roof to support local biodiversity and there will be an outdoor gym on site for employees to use. Construction will take 54 weeks with PC expected by Q4 2025. Speaking about the appointment Glencar CEO Eddie McGillycuddy said: “We are very happy to have been appointed by Logicor for the first time to deliver this BREEAM Outstanding warehouse development showcasing our commitment to excellence and our proven track record in successful project delivery. Logicor’s extensive presence across the UK and Europe, with properties and development sites situated in key strategic locations, close to major population centres and key distribution hubs, enables them to keep their customers goods moving through the supply chain and into society, every day. Glencar is proud to now become an integral part of the network and to be supporting Logicor’s UK asset redevelopment programme, appointed to transform this old redundant site into a modern, state-of-the art, highly sustainable warehouse. This development is also key in terms of Logicor’s stated aim to redevelop existing assets to support reaching the business’ ambitious sustainability target of a 36% carbon reduction by 2030”. Also commenting on the project, Logicor UK Development Director, Matt Storr: “We’ve continued to see demand for sustainable assets in prime locations grow. This development has strong sustainability credentials, which paired with the connectivity of its central location, makes it a unique and compelling offer on the market. We are very happy to have appointed Glencar and to be working together for the first time. They put forward an impressive programme featuring a host of sustainable construction practices and we look forward to seeing them in action and working closely together”. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Final unit lands at Apollo logistics scheme in Ansty Park, Coventry

Final unit lands at Apollo logistics scheme in Ansty Park, Coventry

Construction has successfully completed on the final speculative unit at Apollo, a c.850,000 sq ft warehouse/logistics scheme at Ansty Park in Coventry. Apollo 5 delivers 301,591 sq ft of highly specified accommodation in a premier logistics and manufacturing location in the golden triangle, near Jct 2 of the M6 and Jct 1 of the M69. It is the largest of four new speculative units built in the second phase of development at Apollo, Ansty Park, which are all available for immediate occupation. Apollo 4, 6, and 7 vary in size from c.117,000 – c.269,000 sq ft and have been designed to suit a range of occupier types. Each of the four units contain industry-leading ESG credentials, including BREEAM ‘Excellent’ and EPC A, with roof-mounted PV arrays and EV charging points as part of the base build.   Apollo, Ansty Park is a 52-acre site with access to a high quality, landscaped park, and benefits from a running track, nature trail and wildlife corridor, 24/7 security and out of hours access. More than 240,000 sq ft of accommodation was constructed during the first phase of development, which is fully let. John Vincent, Head of Asset Management, UK at Cromwell Property Group, asset manager for the scheme, said: “The Apollo units at Ansty Business Park offer occupiers looking for the highest quality space in a prime location the best solution available in the current market. The flight to quality will lead logistics operators and high-value manufacturers straight to our client’s scheme. The combination of very strong connectivity, sustainability credentials, best-in-class design and proximity to a substantial, skilled labour pool will help us deliver an outstanding investment performance at this location.” David Binks, International Partner, National Logistics & Industrial Agency (Midlands) at Cushman & Wakefield, said: “The completion of Apollo 5 completes the construction of all four buildings, which includes Apollo 4, 6 and 7, and shows the quality of the development to occupiers and agents alike. As well as being a sustainable and wellbeing focused scheme, the location of Apollo is unparalleled. Currently, Apollo, Ansty Park is available for immediate occupation.” Richard James-Moore, Director at JLL, said: “The West Midlands continues to go from strength to strength when it comes to its attractiveness as a logistics hub. Apollo ensures that when it comes to looking for sustainable, high spec space with strong connectivity credentials, occupiers would be hard pressed to find a better home than the Midlands.” Ansty Park is a major commercial location strategically positioned at the heart of the UK’s logistics, manufacturing and aerospace sectors, with strong public transport links and unrivalled access to the motorway network. Birmingham Airport is in close proximity and the site has excellent connectivity to London and regional freight terminals. Existing occupiers at Ansty Park include Rolls-Royce, Sainsbury’s, Cadent Gas and Meggitt. For more information on Apollo, Ansty Park, please contact retained agents, Cushman & Wakefield and JLL, or visit: www.apolloanstypark.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals

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First phase of landmark works now complete to double Manchester’s World Freight Terminal

First phase of landmark works now complete to double Manchester’s World Freight Terminal

McLaren Construction (Midlands and North) Ltd has completed the first phase of planned works for the World Freight Terminal development, to the west of Manchester Airport. Delivered on behalf of Columbia Threadneedle Investments, the initial phase concentrated on the build of a 100,000 sq. ft warehouse next to the airport, sub-divided into three commercial units, with internal office spaces. The multi-phase scheme will focus on doubling on-site warehouse space at the terminal, which is a pivotal international gateway for northern distribution networks, located at junction six of the M56 motorway. The largest of the sub-divided industrial units is 36,000 sq. ft, with the two smaller units totalling 27,000 sq. ft. and 21,000 sq. ft, comprising warehouse space. All units have been constructed to a ‘BREEAM Rating of Excellent’ with an EPC ‘A+’ Rating and were built to CAT A specification. McLaren worked alongside the wider site teams during the demolition process, which included the removal of the SkyChefs production facility on the corner of Avro Way and Pinfold Lane. During the design stage, feasibility studies were also undertaken to find ways of economically reducing embodied carbon in the build process and cladding and structural steel packages were placed during the PCSA period to ensure guaranteed programme delivery and fixed cost.  Once all phases are complete, the project will transform the World Freight Terminal, modernising its offering and solidifying it as a sustainable logistics park for a vast range of industry operations. The World Freight Terminal currently comprises 650,000 sq. ft. of logistics space in total across 57 acres, providing a range of freight, transit, and integrator solutions. The new warehouse space will cater to the growing demand for units in south Manchester, alongside increasing freight traffic. Gary Cramp, managing director of McLaren Construction (Midlands and North), said: We are delighted to have delivered the first phase of our client’s vision for the World Freight Terminal, having actively worked on the design and plans for the site, 12 months prior to starting. The high-specification units are ideally suited to a wide range of sectors including environmentally conscious businesses, with unrivalled international transport links to the UK, Europe, and rest of the world.” Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. Suppliers working on the first phase included Workman as project managers, Abacus as quantity surveyors, RPS as architects, Aecom as structural engineers and MEP consultants. To find out more about McLaren Construction (Midlands and North) Ltd, please visit: www.mclarengroup.com. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Clowes Developments celebrate another 100,000sq ft unit achieving practical completion at Fairham Business Park

Clowes Developments celebrate another 100,000sq ft unit achieving practical completion at Fairham Business Park

Fairham Business Park developers celebrate another practical completion as Unit A is handed over to the occupier.     Works begun at Plot A4, Fairham Business Park back in October 2023, nine months later the 100,000 sq. ft unit has been built by lead contractor, TanRo and handed over to the occupier.   The unit is neatly located next to the stand-alone units totalling 260,000 sq. ft purchased by international property investment and asset management company Hines and a 100,600 sq. ft bespoke building for a local company who will be moving into their premises next year. The brand-new purpose-built premises comprises of a 95,379 sq. ft warehouse with 12,292 sq. ft office and welfare space over three storeys, situated at the front of the building. There are 84 car parking spaces at the front of property with ten electric vehicle (EV) charging bays. There will also be a large service yard to the rear with ten dock levellers and four level access to meet the needs of the occupier. Clowes will be providing a fully photovoltaic (PV) ready frame. James Richards, Director at Clowes Developments commented on the completion: “Nine months after works began on site and we’re now handing over to our client, who will be formally identified in the next few weeks. It’s testament to our professional delivery team who can perform to such a high standard and according to a tight schedule. It is fantastic to see the ongoing development of Fairham Business Park, as one completes, another ramps up on plot A2. “ As the occupiers of A2 sign the deal for a bespoke 100,600sq ft unit, ground works have already been concluded and steel frames are due to be erected in the coming weeks. In total, this will mean over 600,000sq ft of industrial, warehouse, distribution and manufacturing space has been snapped up at Fairham Business Park, with further announcements expected in due course. Tim Gilbertson, Director at FHP Property Consultants added: “High demand for commercial units at Fairham says something about the transport links of Fairham Business Park and it’s positioning outside of Nottingham’s workplace parking levy. We are excited to market phase two of the business park, where potential occupiers can make use of more varied commercial opportunities such as office, trade counter or retail schemes.” With well over half of the site now under offer or sold, there remains opportunities for build to suit facilities on the prominent site adjoining the A453 and outside of Nottingham’s Workplace Parking Levy. The next phase of the development will see not just manufacturing and distribution space available but also space suitable for offices, a hotel, leisure facilities and other conveniences including roadside retail and trade counters. Fairham Business Park offers a unique opportunity for Nottingham businesses to expand, harvest investment and nurture local talent. The business park has excellent transport links into the city of Nottingham including fully accessible cycle routes and walkways. Fairham Business Park is within easy reach of Junction 24 of the M1, East Midlands Airport and adjoining the NET Tram Park & Ride site, with further transport improvements expected. Fairham Business Park offers the perfect location for conducting business and harnessing local talent. Further information regarding site wide activity and latest news can be found at www.fairhambusiness.co.uk. Parties interested to learn more about the commercial opportunities at Fairham Business Park are invited to contact the site’s agent, FHP Property Consultants and Fisher German. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Chancerygate and Hines launch new JV with Oldham site acquisition to deliver £39m, 166,500 sq ft urban logistics development

Chancerygate and Hines launch new JV with Oldham site acquisition to deliver £39m, 166,500 sq ft urban logistics development

Developer Chancerygate and Hines, the global real estate investor, developer and manager, have announced a new strategic joint venture (JV) to develop multi-let urban logistics schemes. The JV, which is being funded by Hines European Real Estate Partners III (HEREP) and has more than £1.3bn of equity commitments, has completed its first deal with the acquisition of a site in Oldham. Chancerygate and Hines intend to speculatively develop 166,500 sq ft of Grade A sustainable urban logistics space on the 7.5-acre site. Located at Broadway Green on the Lydia Becker Way spine road in Oldham, the site is six-and-a-half miles north east of Manchester, close to junction 21 of the M60. The JV has acquired the last commercial site on Broadway Green. It will be Chancerygate`s second scheme there, having completed a 108,000 sq ft, development called Broadway Central in March this year. Broadway Central is already 35 per cent let or under offer, with very strong interest in the remaining units. Subject to planning, the new JV scheme will comprise 18 leasehold units ranging from 4,700 sq ft to 20,500 sq ft. All properties at the development will target minimum EPC rating of A and a BREEAM Excellent rating and, once complete, the scheme will have a gross development value of around £39m. The JV acquired the site from FO Developments, which is a consortium comprising Oldham Council, Grasscroft Property and Seddon Developments, for an undisclosed sum. Chancerygate and Hines have worked together since 2018, when the two businesses announced an equal JV partnership, targeting prime sites across the UK for high quality urban logistics developments. The previous JV invested into eight schemes and delivered around 1m sq ft of accommodation. Commenting on the new JV, Chancerygate managing director, Richard Bains, said: “Our first joint venture partnership with Hines was extremely successful in delivering strategically located multi-let urban logistics schemes across the UK. “We forged a highly effective working relationship during that time, so we are excited to once again partner with Hines to deliver Grade A, sustainable accommodation where it is most needed.” Greg Cooper, managing director and head of UK industrial and logistics at Hines, added: “We are pleased to be extending our partnership with Chancerygate through this venture as we continue to scale our multi let urban logistics platform throughout the UK. “The partnership will be well placed to meet HEREP III’s objective to execute the development of modern sustainable multi let urban logistics product in strategic urban distribution nodes.” Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide. The company currently has around 1.16m sq ft of urban logistics space under construction or ready for development across ten sites ranging from Edinburgh to Croydon. Hines manages a combined UK commercial property portfolio worth more than £2bn and has advised on more than four million sq ft of projects acquired, completed or in the pipeline. Chancerygate and Hines were advised on the acquisition by Davies Harrison, whilst FO Developments was advised by JLL. Davies Harrison and JLL have been appointed as lettings agents for the proposed development. For more information, visit www.chancerygate.com. Building, Design & Construction Magazine | The Choice of Industry Professionals

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CHANCERYGATE AND MITISKA REIM NEW JOINT VENTURE ACQUIRES FIRST PORTUGAL DEVELOPMENT SITE

CHANCERYGATE AND MITISKA REIM NEW JOINT VENTURE ACQUIRES FIRST PORTUGAL DEVELOPMENT SITE

Urban logistics property developer and asset manager Chancerygate and real estate investor Mitiska REIM, the leading specialist investor in European convenience real estate, have announced a strategic joint venture (JV) to develop multi-let light industrial parks in Portugal. The JV has completed its first acquisition, which is a 6.67-acre (2.7-hectare) brownfield site located 20 minutes’ drive northwest of Lisbon within the municipality of Sintra. The site is situated close to the N9 and N250-1 access roads and the A37 and A16 motorways connecting Lisbon to Sintra, providing convenient access to both the Lisbon city centre and Humberto Delgado Airport. Chancerygate and Mitiska REIM will submit plans for a high specification and sustainable multi-let light industrial and urban logistics development at the JV’s newly acquired site in Sintra in the near future. All units at the proposed development will be constructed from high-performance building materials and the scheme will target an EPC A and BREEAM Very Good rating as a minimum. The JV’s initial objective is to acquire five sites to deliver multi-let developments in the Lisbon and Porto districts. Mitiska REIM has been active in the Portuguese market since 2017 and its local team based in Lisbon has to date acquired or developed eight retail park and mixed-use assets in Portugal, that currently manage more than 1.61m sq ft (150,000 sq m) of gross leasable area spread throughout the country. Over the next 18 months it’s scheduled to open two further developments, one in the Algarve and to conclude a final phase of construction of Salinas Park in Alverca. Mitiska REIM has acquired this latest site on behalf of the MEREP 3 fund. Commenting on the JV, Chancerygate managing director, Richard Bains, said: “We are delighted to be joining forces with Mitiska REIM in Portugal and continue our expansion into Europe. We are complementary partners who bring compatible experience to the relationship. “Over the course of almost 30 years in the UK, Chancerygate has earnt a reputation for the consistent delivery of a product which is highly attractive to institutional investors and a wide range of occupiers. “We are excited by the opportunity to do the same in Portugal in a strategic joint venture partnership with Mitiska REIM. “This news follows soon after we have opened our Madrid office. We are gathering momentum across Iberia and with our stated intention to expand across Europe.” Chancerygate European director, Jason Sharman, added: “Our recently purchased brownfield site in Sintra is an ideal location for our JV with Mitiska REIM to make its debut within Portugal. “It has excellent transport connectivity and, subject to planning being granted, will showcase our high quality, high specification, sustainable product to prospective occupiers and investors.” Enzo Guidez, Mitiska REIM’s investment manager in Portugal, commented: “The Portuguese market is currently underserved with modern and sustainable multi-let light industrial and last-mile urban logistics space. The combination of high demand from businesses for Class A units and the current low vacancy rates in existing stock makes this an exciting market opportunity for our new JV to expand in this sector.” Jan Du Bois, Mitiska REIM’s managing director for Belgium, Spain and Portugal, added: “This JV brings together Mitiska REIM’s on-the-ground presence, strong local network and expertise in sourcing off-market deals with Chancerygate’s significant experience and track record in the industrial and urban logistics sector. We look forward to working in partnership with the Chancerygate team to grow our portfolio in Portugal.” Founded in 1995, Chancerygate currently has around 1.16m sq ft (107,000 sq m) of urban logistics space under construction or ready for development across ten sites in the UK ranging from Edinburgh to Croydon. The company also manages in excess of £310m (~€363m) of assets across more than 2.5m sq ft (230,000 sq m) of commercial space in over 340 units. Chancerygate currently has offices in London, Warrington, Birmingham, Bristol, Dublin, Lisbon and Madrid, with additional offices expected to be opened this year. For more information on Chancerygate visit www.chancerygate.com, for Mitiska REIM www.mitiska-reim.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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