Developer Chancerygate has achieved practical completion on its £32m, 120,000 sq ft urban logistics scheme on Edgington Way in Sidcup.
Called Sidcup Logistics Park, the development comprises 13 high specification Grade A units. Chancerygate forward sold 12 of the properties totalling 113,800 sq ft, which represents 95 per cent of the available space at the development, ahead of practical completion. The final 6,200 sq ft unit is currently under offer.
All properties at Sidcup Logistics Park benefit from electric vehicle charging points and solar cells on their roofs which provide up to 35 per cent of the units’ energy needs. In addition, the units are constructed from high-performance building materials to reduce CO2 emissions.
The development is located less than two miles from Sidcup town centre and provides easy access to the A20, M25 and central London.
Chancerygate development director, Jonathan Lee, said: “There continues to be significant demand within Kent for sustainable Grade A urban logistics space in strategic, highly accessible locations.
“The rate of forward sales at Sidcup Logistics Park is proof of this and our development will provide the platform for further investment and job creation within Sidcup and beyond.”
Sidcup Logistics Park is located next to a site of special science interest (SSSI), so Chancerygate has used green coloured cladding and a landscaped bank to minimise visual disruption from the SSSI.
The development is the second scheme Chancerygate has completed in Sidcup in the past three years. The first was its successful development of 117,000 sq ft of urban logistics space at Klinger Industrial Park which was forward sold to M&G Real Estate.
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. 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.