Chancerygate jv wins approval for Croydon urban logistics scheme
Chancerygate and SGN Place have received planning approval for a 93,000 sq ft, grade-A urban logistics development in Croydon, south London.
The joint venture will deliver a speculatively built scheme, called the Works, comprising 15 units ranging from 2,000 sq ft to 16,000 sq ft.
Units on the four-acre site will be available on a leasehold basis. Construction work is expected to commence in December.
Chancerygate and SGN Place have received planning approval for a 93,000 sq ft, grade-A urban logistics development in Croydon, south London.
The joint venture will deliver a speculatively built scheme, called the Works, comprising 15 units ranging from 2,000 sq ft to 16,000 sq ft.
Units on the four-acre site will be available on a leasehold basis. Construction work is expected to commence in December.
Chancerygate development director Tom Faulkner said: “Our development will deliver the first multi-unit urban logistics scheme in Croydon for more than 10 years, meeting the latent demand for this type of accommodation in the area.
“The Works has been designed with sustainability at its heart and will provide a long-term asset for the town, which we anticipate will create more than 150 jobs. The development’s excellent strategic location means occupiers will be best placed to serve Croydon, as well as London and the wider South East region.”
Alex Gale, partner at SHW, and joint letting agent for the Works, said: “It’s good news to be able to launch this new, best-in-class development, offering some of the best cubic capacities in the market for space of this size.”
Cushman & Wakefield is retained as joint letting agent with SHW.
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Image: Chancerygate
