Developer Chancerygate has been granted planning permission to build around 58,000 sq ft of Grade A urban logistics and industrial space in Witham, Essex.
Called Freebournes Park the speculative development will comprise 10 units ranging from 4,390 sq ft to 7,030 ft which are available on a leasehold basis.
Construction of the scheme is set to commence in August 2022 with practical completion expected in May 2023.
Located on the established Freebournes Road Industrial Estate, the development will offer excellent road connectivity to junction 28 of the M25. The scheme will also provide easy access to Chelmsford, Colchester and Ipswich via the A12, and to nearby Braintree via the B1018.
Chancerygate development manager, Matthew Young, said: “Freebournes Park is in an excellent location and will provide Witham with much needed new units, as well as support job creation in the region.
“There is a limited supply of leasehold Grade A urban logistics and industrial accommodation within Essex and along the A12 corridor, so we anticipate strong demand from businesses operating locally and regionally for the units. We look forward to work commencing on site in August this year.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit urban logistics property developer and asset manager and the only one operating nationwide.
The company has offices in London, Warrington, Birmingham, Bristol and Milton Keynes. Chancerygate currently has more than 3.5m sq ft of urban logistics and industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh.
Agents for Freebournes Park are property consultancy Lambert Smith Hampton and commercial property agents Coke Gearing.