Industrial developer and asset manager Chancerygate has appointed construction contractor MCS Group to deliver a multi-million-pound speculative development of 10 warehouse units and trade counters in Buckinghamshire.
Demolition of existing buildings on the brownfield site in High Wycombe has been completed and construction has recently begun.
Called 40:40 Link, the development comprises three steel framed buildings which will be sub-divided to create 10 units totalling around 91,200 sq ft and ranging in size from 4,112 sq ft to 30,193 sq ft. The project is expected to reach practical completion in early 2020.
Accessed from Mill End Road and Chapel Lane, two miles west of High Wycombe town centre, the units will be available freehold or leasehold.
An existing waterway, which is culverted and runs through the site into a tributary of the River Wye, will be naturalised to create habitat for wildlife. It will involve excavating and forming a new landscaped riverbed. The banks will be formed by laying rock-filled gabion baskets, supporting footpaths behind the buildings.
Award-winning MCS Group is enjoying a period of sustained growth in delivering industrial, storage and distribution projects across the UK.
Keir Edmonds, managing director of the Midlands-based main contractor, said: “Chancerygate is recognised as one of the UK’s leading industrial developers and we are delighted to be working alongside them once again to deliver a first class development of warehouse units and trade counters.
“With the demolition of the existing buildings on the site now complete, we are looking forward to starting construction shortly and reaching practical completion in Q1 next year.”
Chancerygate head of development, Alastair King, said: “We have already received significant interest in and around High Wycombe and now construction has begun we look forward to further enquiries. We often secure pre-lets and sales on developments such as 40:40 Link, because we offer occupiers high-quality accommodation in a excellent and underserved locations.”
The scheme will ensure a decrease in CO2 emissions over 2010 Buildings Regulations. The green initiatives include electric car charging points, low air permeability design, 15% warehouse roof lights which increases natural lighting, high performance insulated cladding and roof materials, secure cycle parking and photovoltaic cells.
40:40 Link benefits from excellent communications, being close to the M40 motorway, linking to the M25 and Heathrow Airport 20 miles away.
Warwickshire-based MCS Group is building a reputation as one of the industrial and warehouse sector’s leading construction companies. The company has also built and refurbished more than 300 car dealerships including Audi, BMW, McLaren and Jaguar Land Rover since its inception in 2003.
Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. This financial year, the business is aiming to triple its completed developments compared with the previous year, targeting one million sq ft across 11 schemes.