Chancerygate has acquired a 2.3-acre site in East Manchester with a view to speculatively developing a 59,500 sq ft urban logistics and industrial scheme with a GDV of circa £15m.
The site, which was formerly Walkers of Manchester’s printing facility, is located on Crabtree Lane in Clayton three miles east of Manchester city centre. Chancerygate intends to develop nine units ranging from 4,000 sq ft to 14,000 sq ft on the site.
Chris Brown, Chancerygate development director, said: “This site presents the perfect opportunity to deliver a true urban logistics development, thanks to its excellent connectivity and close proximity to both Manchester city centre and the M60 motorway. East Manchester has been deprived of good quality new industrial development for a generation and we envisage the site appealing to a wide range of occupiers including trade, logistics, retail and industrial amongst others.
“With the large-scale regeneration and investment focused on East Manchester, the site will enable occupiers to be located in the best place to serve the wider city region, whilst also stimulating economic growth and job creation.”
Chancerygate is aiming to submit a planning application for the development to Manchester City Council before the end of the year.
The developer was advised on the site acquisition by Colliers and the site was sold by WT Gunson. Both parties are retained as disposal agents going forward.
