Leading industrial developer and asset manager Chancerygate has now sold or let 80 per cent of space at its new Grade A development in Chorley, Eaton Point, just four months after the site’s completion.
The milestone was achieved after Lancashire manufacturer Tilemaster Adhesives signed a five-year lease on a 47,500 sq ft warehouse at the development.
Eaton Point totals 101,000 sq ft and incorporates 13 other new warehouse and industrial units ranging individually from 3,300-6,630 sq ft. Tilemaster Adhesives’ refurbished warehouse, Unit One, is the largest onsite.
Located on Eaton Avenue at Lancashire’s highly regarded business park, Matrix Park, Eaton Point has direct access to junction 28 of the M6 and is near to junction 8 of the M61. Tilemaster Adhesives joins neighbouring occupiers at Matrix Park including Waitrose, Synergy Health, NSG and Bodycare.
David Tyson, asset manager at Chancerygate, said: “We’ve seen high demand at Eaton Point even before practical completion in October last year and it’s great to welcome a thriving business like Tilemaster Adhesives to the site.
“We’re pleased to report that nine out of 14 units have been sold in just four months, and I’d encourage other businesses to see what the site has to offer before the remaining units are sold. The development is a result of significant investment, with Unit One requiring a full refurbishment to restore it to Grade A condition. Our success here shows that Chancerygate understands what tenants want and offers a best-in-class service across our assets.”
Established in 1995, Chancerygate is one of the UK’s leading industrial property development and asset management companies with offices in London, Birmingham, Warrington and Milton Keynes. The company currently manages £230m of assets across 6m sq ft of commercial space in more than 400 units.
Commenting on the company’s expansion, Tilemaster Adhesives managing director, Mark Kelly, said: “The past two years have been an exciting new chapter for Tilemaster and with this new facility we continue to grow at pace. We were very impressed with Chancerygate’s refurbishment at Eaton Point and the excellent tenant service on offer – it’s an attractive new development at Matrix Park. We’ll continue investing in the company’s growth and look forward to a long, successful future at Eaton Point.”
Savills and Gerald Eve acted for Chancerygate and Robert Pinkus & Co acted for the tenant.