Chancerygate has achieved practical completion on two urban logistics developments in London offering 242,300 sq ft of Grade A space.
At Metroplex Park in Tolworth, South West London, the company has built 70,300 sq ft across nine units ranging from 4,490 sq ft to 18,110 sq ft in a joint venture with Bridges Fund Management.
And at Dagenham Logistics Hub (pictured), Chancerygate has delivered 172,000 sq ft across 14 units in a joint venture with a fund managed by Credit Suisse Asset Management. The scheme was forward sold to investment manager Padrock for an undisclosed sum in June 2022.
Richard Bains, managing director of Chancerygate, said: “We’re very pleased to have achieved practical completion on these developments. Both Metroplex Park and Dagenham Logistics Hub sit in areas where there is strong demand for new, high-quality, sustainable urban logistics accommodation. Both of these developments will help satisfy this demand and provide long term economic assets for their respective localities.”
