A joint venture (JV) between developer Chancerygate and Hines, a global real estate investment, development and property manager, has achieved practical completion on its 119,600 sq ft Gemini8 Business Park scheme in Warrington.
Situated on the final plot at Gemini8 Business Park, the development comprises 18 high specification Grade A units ranging from 3,900 sq ft to 16,500 sq ft.
Located less than three miles north of Warrington town centre, the scheme provides direct access to junction 8 of the M62 motorway and is approximately four miles from the M6.
The JV pre-sold Gemini8 Business Park to real estate private equity firm Northwood Investors at the end of last year. Northwood Investors has strong interest in the scheme with four units currently under offer.
Chancerygate development director and head of the company’s Warrington office, Mike Walker, said: “We are very pleased to have delivered the first new build, Grade A multi-unit industrial and warehousing development of this type in the Warrington area for more than 10 years.
“Its excellent strategic location means Gemini8 is one of the most prominent business parks between the Manchester and Liverpool conurbations. It will see businesses that locate here best placed to serve both of them, as well as the wider North West region.”
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 Warrington, the company has offices in London, Birmingham 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.
Gerald Eve and Davies Harrison are letting agents for Gemini8 Business Park.