Industrial developer and asset manager Chancerygate has achieved the accolade of industrial development of the year for Warmley Business Park, Bristol, at the Insider South West Property Awards.
The 15-unit development totalling 85,950 sq ft won against three other shortlisted schemes, including Chancerygate’s Vertex Park development in Emersons Green, Bristol.
Currently 57 per cent sold or let just three months post-completion, occupiers at Warmley Business Park include Oak Flooring Supplies and meat-slicer manufacturer Graselli. Planning permission was granted in June 2018 and practical completion was achieved in July 2019.
According to Insider, the judges said: “the delivery of a quality industrial development on a complex site, which had been home to a mix of old and modern industrial and office space, helped this project to edge out a strong shortlist.”
The South West Property Awards, which took place at the Marriott Hotel in Bristol city centre on October 10, celebrate the major deals and developments from the region, as well as its leading consultants, lawyers, agents and architects.
Commenting on the award win, Chancerygate head of development, Alastair King, said: “The success of Warmley Business Park is testament to our entrepreneurial approach in identifying strategic locations where high-quality industrial property is in short supply and high demand.
“This was a particularly complex site which required innovative design solutions to add value and overcome challenging project conditions. We were also very pleased that Vertex Park in Emersons Green was shortlisted, as further endorsement of the excellent work we deliver.”
Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide, with 28 active sites stretching from Poole, Dorset, to Livingston, West Lothian.
This financial year, the developer aims to triple its completed developments compared with the previous year, targeting one million sq ft and 300 units across 11 schemes.
The Bristol offices of property consultancy Alder King and chartered surveyors and commercial property agents Burston Cook advised Chancerygate on the development. MCS Group was the contractor on the scheme.