Chancerygate gains approval for Surrey business park

Industrial developer Chancerygate has been granted planning permission from Runnymede Borough Council to build a 62,300 sq ft business park in Chertsey, Surrey. The scheme, called Chertsey Business Park, will be located within the town’s Hanworth Lane Industrial Estate and feature 12 units ranging from 3,660 sq ft up to 7,244 sq ft for B1c, B2 and B8 uses. There is scope to create combined units measuring up to 45,586 sq ft. Chancerygate purchased the 2.1 acre site last August and construction is expected to start towards the end of this year. The first units will be available for occupation at the end of 2020. Existing occupiers at the Hanworth Lane Industrial Estate include luxury furniture provider Kesterport, railway and civil engineering company Lowery, flooring supplier YTD UK, systems engineering house Drumgrange and industrial after-market parts retailer KM Products Europe.  Matthew Young, Chancerygate development manager, said: “Chertsey Business Park is located in the town’s most central industrial area. It is exactly the type of strategic regional location that we seek to develop to meet an area’s business needs.” This year, the company is aiming to triple its completed developments compared with the previous year, targeting 1m sq ft across 11 schemes compared with 340,000 sq ft in 2018.  Chancerygate’s asset management team manages £220m of assets across 4.9m sq ft of commercial space, covering more than 350 units.  To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette