Chancerygate has acquired a 4.59-acre site in Southwater near Horsham, West Sussex, to speculatively build 105,000ft² of Grade A urban logistics and industrial space. The site, which was formerly a manufacturing and logistics hub for global electronics manufacturers,Sony, is located at Southwater Business Park approximately four miles south of Horsham. It is strategically positioned adjacent to the A24 between Crawley and Worthing, which provides access to the wider south coast.
The company plans to develop seven freehold units ranging from 9,775ft² to 33,350ft². Once complete, the scheme will have a gross development value of approximately €31.5m (£27m). All properties will benefit from cycle storage, electric vehicle charging points and solar cells which provide green energy on an affordable basis to occupiers. In addition, the units will have enhanced roof lighting to increase levels of natural daylight and be constructed from high-performance building materials to reduce CO2 emissions. The scheme is targeting an EPC B and BREEAM Very Good rating as a minimum.
Matthew Young, Chancerygate development manager, said: “This site presents a fantastic opportunity to develop in a market which has seen a shortage of new-build industrial warehouse accommodation, Grade A or otherwise. There is pent-up demand for freehold urban logistics and industrial space across the region and we have previously seen occupiers become more footloose to secure freehold properties. Our proposed scheme will generate a catchment area of interest from locations such as Brighton, Worthing, Crawley, Reigate and Redhill. This will help stimulate further investment and job creation, and support growth within the local and regional economy.”
