Industrial developer and asset manager Chancerygate has successfully sold or let 80 per cent of its 15 unit, 121,366 sq ft Warmley Business Park scheme near Bristol after disposing of three more units.
A 12,240 sq ft unit has been sold to Warmley-based chemical manufacturer Barrettine Group to further enable the company’s growth plans. Founded in Bristol in 1879, Barrettine Group’s head office is located half a mile from Warmley Business Park.
A further two units totaling 19,643 sq ft were let by Chancerygate to Co-op Funeralcare as part of its national portfolio expansion. Following the leasing of the properties, the developer sold the units to a private investor.
With one 4,085 sq ft unit currently under offer, only two units at 4,083 sq ft and 4,424 sq ft remain available.
Situated within six miles of Bristol city centre on Crown Way, Warmley Business Park is strategically located just 350 yards from the A420 which provides access to Bristol, Bath and the wider South West.
Chancerygate development manager, Matthew Young, said: “Demand for high-quality industrial and warehousing units in and around Bristol has exceeded available supply for some time.
“It is a rarity to find modern units available on a freehold basis across central Bristol, so Warmley Business Park has become an increasingly attractive proposition for occupiers wishing to acquire industrial space.
“We are delighted to have completed sales with Co-op Funeralcare and Barrettine Group, and we have strong interest in the scheme’s two remaining units.”
Current occupiers of Warmley Business Park include meat-slicer manufacturer Grasselli, artificial sports surfaces contractor Verde Recero, balancing machine manufacturer Balancing Universal and office refurbishers Avent Interiors.
Founded 25 years ago, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. The company currently has up to 2.9 million sq ft of industrial space under construction or ready for development across 22 sites.
With offices in London, Warrington, Birmingham and Milton Keynes, Chancerygate also manages in excess of £220m of assets across more than 4.9 million sq ft of commercial space in more than 350 units.
Alder King and Burston Cook are joint sales agents for Warmley Business Park.