Developer Chancerygate has submitted plans to speculatively build 98,000 sq ft of trade counter, urban logistics and industrial space in Colwick, Nottingham.
Called Colwick Gateway, the proposed scheme will be located on a 6.35-acre site in Colwick Industrial Estate and comprise 14 Grade A leasehold units ranging from 3,500 sq ft to 27,200 sq ft. The projected gross development value is around £25m.
The site, which was formerly a major fuel distribution centre for Total Petroleum and has been unused for a number of years, is located off Colwick Loop Road approximately five miles east of Nottingham city centre.
Neighbouring occupiers include Jewson, Sainsbury’s, Biffa, Nottingham Steel Supplies and Tile Tec Fireplace.
Chancerygate development manager, Mark Garrity, who is based in the company’s Birmingham office, said: “Our proposed plans at Colwick aim to satisfy the high demand for Grade A sustainable trade counter, urban logistics and industrial accommodation in the Nottingham area.
“The site is situated in a prime industrial area of Nottingham, meaning it is best placed to serve businesses operating within the city as well as across the wider East Midlands region.”
“The proposed development will help support both the local and regional economy to stimulate further investment and job creation. We look forward to working with Gedling Borough Council now that planning has been submitted.”
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 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. In addition to Birmingham, Chancerygate has offices in London, Warrington, Bristol and Milton Keynes.
Agents for Colwick Gateway are FHP and Gerald Eve.