Chancerygate has achieved practical completion on its new 104,000 sq ft Grade A urban logistics development in Southwater, near Horsham.
Named Audio Park, it is situated on the former distribution site for global manufacturers Sony. The brand new industrial and logistics development comprises seven units ranging from 8,300 sq ft to 33,718 sq ft available on both a freehold and leasehold basis. The gross development value is around £25m.
Its strategic position four miles south of Horsham close to the A24 between Crawley and Worthing provides occupiers easy access to the mid-Sussex and wider south coast markets.
Neighbouring occupiers include esteemed British audio technology developers Bowers & Wilkins. Local amenities within walking distance include retail convenience stores, a pharmacy and GP surgery.
All units at Audio Park feature electric vehicle charging points, low air permeability design and solar cells on their roofs which provide green energy on an affordable basis
These features have enabled the development to achieve a BREEAM rating of Excellent with all units achieving an EPC rating of A.
Chancerygate development director, Matthew Young, said: “There is continued high demand throughout Horsham, mid-Sussex and the wider South East for flexibly sized, Grade A urban logistics accommodation available leasehold and freehold.
“Audio Park will help satisfy this demand, and we have already seen strong interest from prospective occupiers looking to benefit from the scheme’s strategic positioning and strong sustainability credentials.
“We are pleased to have achieved practical completion on the development and to have brought back a former obsolete brownfield site into use by providing a lasting economic asset for the region.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and investment manager and the only one operating nationwide.
In the UK, Chancerygate currently has around 2.1m sq ft of urban logistics space under construction or ready for development across 13 sites ranging from Manchester to Croydon.
Agents for Audio Park are Graves Jenkins and JLL.
