Developer Chancerygate has sold Boundary43, its 55,000 sq ft urban logistics scheme in Brackley, to a private investor for an undisclosed sum.
Situated on the Buckingham Road Industrial Estate off Boundary Road, the development comprises 14 high specification Grade A units. These range from 2,100 to 19,200 sq ft and are available on a leasehold basis.
Boundary43 benefits from excellent access to Brackley town centre, Silverstone race track and the A43, as well as connections to the M1 and M40 motorways.
All properties at the development achieved an EPC A and BREEAM Very good rating and benefit from electric vehicle charging points.
In addition, the units are constructed from high-performance building materials and 15 per cent roof lights to reduce CO2 emissions and occupational energy costs.
Chancerygate development director, George Dickens, said: “This deal is the culmination of years of hard work and expertise to develop Boundary43 and will help satisfy the strong demand there is for prime urban logistics accommodation in the region.
“The sale is also a testament to our product’s sustainability credentials, flexible sizing and proximity to key infrastructure and transport hubs, all of which are attractive to both investors and occupiers.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.
The company currently has around 2.65m sq ft of urban logistics space under construction or ready for development across 19 sites ranging from Edinburgh to Chichester. Chancerygate’s offices are located in London, Warrington, Birmingham, Bristol and Milton Keynes.
JLL and Brown & Co. advised Chancerygate on the sale of Boundary43 while Chadwick McRae acted for the buyer. The scheme is now available to lease through JLL & Brown & Co. and has been rebranded Boundary Park.