Developer Chancerygate has been granted planning permission to speculatively build 82,400 sq ft of Grade A urban logistics space in Leatherhead.
Called Victory Park, the development will comprise 13 leasehold units ranging from 3,000 to 19,000 sq ft. The projected gross development value is around £32m.
Located on a 4.6 acre site off Cleeve Road in Leatherhead Business Park, the development will be approximately one mile north of the town centre and one mile east of junction 9 of the M25
Neighbouring occupiers to the scheme include Unilever and engineering consultancies KBR and RINA Tech UK.
All properties at Victory Park will benefit from electric vehicle charging points and solar cells on their roofs which provide up to 35 per cent of the units’ energy needs.
Each unit will be constructed from high-performance building materials and the scheme will target an EPC A and BREEAM Very Good rating as a minimum.
Chancerygate head of development, Alastair King, said: “The demand for sustainable, Grade A urban logistics space in Leatherhead remains high due to the locality’s strong business community, skilled workforce and proximity to key motorway links.”
“Victory Park will meet this demand, delivering high-specification accommodation in a location which enable occupiers to be best placed to serve both the town and the South East.
“Once the existing tenants on the site vacate in mid-2025, we look forward to commencing the development and providing this exciting market with new units. These will support future tenants’ aspirations and contribute to the wider growth of the local economy.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.
The company has offices in London, Warrington, Birmingham and Bristol. In Europe, Chancerygate has offices in Dublin and Madrid. It currently has more than 2.65m sq ft of industrial space under construction or ready for development across 19 sites ranging from Edinburgh to Chichester.