Chancerygate has reached key planning and construction milestones for two developments which will bring 36 new units totalling 259,000ft² to Norwich and Ipswich. In Norwich, planning permission has been granted for the 116,500ft² Diamond Point industrial development, while in Ipswich construction has started on-site at the 143,000ft² Cranes Business Centre. Located on the former Allied Bakeries site on Vulcan Road Industrial Estate, Diamond Point will offer 17 new industrial and warehouse units ranging in size from 3,050ft² to 53,000ft². Units are available on both a freehold and leasehold basis.
Chancerygate purchased the 4.5-acre site in January 2019 and planning was submitted in June. With planning granted, construction is scheduled to start in January 2020 with the scheme ready for occupation from September. In Ipswich, Cranes Business Centre comprises 19 warehouse and industrial units, ranging in size from 2,000ft² to 51,000ft². Units are available on a freehold and leasehold basis. The contractor, Morbank, is now on site. The development is located on a 5.7-acre site within Futura Park and Ransomes Europark, Ipswich’s largest industrial area. Chancerygate purchased the site in April and the first units will be available in summer 2020.
Chancerygate development director, George Dickens, said: “These two developments will bring high-quality new industrial and warehouse units to areas with strong latent demand and real undersupply. We are encouraged by the very positive discussions we are having with interested occupiers. Norwich City Council and Ipswich Borough Council have been very supportive and see the potential for creating significant business and employment opportunities, in attractive business locations within established industrial areas. We look forward to announcing the first occupiers soon.”
