Chancerygate has secured planning permission for 51,000 sq ft of Grade A urban logistics, research and development space in Newmarket.
The Nucleus development will comprise 10 units ranging from 3,595 sq ft to 6,685 sq ft. The units will be available on both a leasehold and freehold basis with the ability for occupiers or investors to acquire multiple units.
The scheme, which is located on Exning Road two miles south of the A14, is being delivered on a 2.48-acre site, which formerly housed an electronics and displays manufacturer.
All of the units at Nucleus will benefit from EV charging points, low air permeability design, enhanced roof lighting and solar cells on their roofs. Chancerygate is targeting EPC A and BREEAM Excellent ratings as a minimum for the development.
George Dickens, senior development director at Chancerygate, said: “We have worked closely with West Suffolk Council and local stakeholders to secure this exciting planning consent. The scheme will provide Grade A accommodation supporting a range of industrial uses, including R&D.
“There is strong demand for high specification accommodation, and this planning permission means our Nucleus development will provide sustainable, high-quality buildings in close proximity to key infrastructure. The development will provide employment opportunities and a lasting economic asset for the region.“
Cheffins and Cushman & Wakefield have been appointed joint letting agents for the development.
