Chancerygate has achieved practical completion for its 94,000ft² Furlong Business Park scheme in Bishops Cleeve near Cheltenham, with almost a third of the development’s available units already sold. Furlong Business Park is an €11.3m (£10.2m) development providing a total of 11 high-quality industrial and warehousing units ranging from 3,988ft² to 25,714ft². Units are available on both a freehold and leasehold basis.
Having pre-sold a 3,075ft² unit to Chipping Norton-based printing company KopyRite Printers last November, Chancerygate pre-sold a further 4,590ft² unit before the scheme’s completion, which was purchased by building specialists, D&G Contracting. A further unit totalling 4,865ft² was bought by creative agency Still Moving Media within days of the development’s completion, while a 3,988ft² unit is currently under offer.
Situated within Cleeve Business Park on the outskirts of Cheltenham, Furlong Business Park is approximately one mile north of Cheltenham racecourse and four miles from Junction 10 of the M5. Nearby occupiers on Cleeve Business Park include GE Aviation, Zurich Insurance and Capita Life & Pensions.
Commenting on the site’s practical completion, Chancerygate development director George Dickens, said: “We’re very pleased to have achieved practical completion at Furlong Business Park with a third of the scheme’s units now sold and the remaining seven units attracting plenty of interest. Prior to our two active sites in Cheltenham, there had not been a speculative development in the area for more than a decade. Our recent investment in the region shows our commitment to giving prospective occupiers high-quality industrial space to grow their businesses in Gloucestershire.”
