Birmingham-based Chancerygate completes £11m, 72,000 sq ft industrial development in Minworth

Developer Chancerygate, which has an office in Birmingham, has achieved practical completion of its £11m, 72,000 sq ft Forge Industrial Park scheme in Minworth.

Situated on Forge Lane, the development comprises 11 high specification Grade A units. Four of the units, which total 38,340 sq ft of industrial and trade counter space, have been forward sold ahead of practical completion.

The future occupiers are automotive brand Mercedes; supermarket, wholesaler and distributor supplier Food Store International; and machinery manufacturer Rubbernek Fittings.

A further five units totaling 24,220 sq ft are currently under offer, which means that more than 85 per cent of space at the development is now sold or under offer. The two remaining units are 4,750 sq ft and 5,270 sq ft and are available on a freehold and leasehold basis.

Located eight miles north east of Birmingham city centre, the scheme provides access to the A38 dual carriageway which links to junction 5 and junction 6 of the M6.

Chancerygate development director and head of the company’s Birmingham office, Mark Garrity, said: “We are very pleased to have achieved practical completion with more than 85 per cent of the scheme’s units now sold or under offer, and the remaining two units attracting plenty of interest.

“There is significant demand in the region for strategically located Grade A industrial space clearly evidenced by the successful disposal of units at the development and in the strong interest we have for the final two units.”

Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.

In addition to Birmingham, the company has offices in London, Warrington, Bristol and Milton Keynes. It currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh.

Knight Frank and Gerald Eve are joint sales agents for Forge Industrial Park.