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Hines and Chancerygate acquire Warrington site earmarked for 100,000 sq ft spec development

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Hines and Chancerygate acquire Warrington site earmarked for 100,000 sq ft spec development

US investor Hines and their UK partner Chancerygate have acquired a Warrington site earmarked for a 100,000 sq ft speculative development.

The M62 motorway site had been in trhe handfs of developer Marshall CDP, but they have now sold to Hines/Chancerygate.

The five acre site close to junction 8 of the M62 in Warrington’s Gemini business park area will provide around 20 units ranging from 3,500 to 12,000 sq ft.

Chancerygate and Hines will submit a planning application for the development in the forthcoming months and commence speculative development as soon as possible.

Chancerygate development director Mike Walker said: “This is undoubtedly one of the best locations in the North West and it is perfect for our product. We have wanted to acquire a prime site in Warrington for a number of years because we are confident there is huge pent up demand for new, well-specified freehold units.

CBRE acted for Chancerygate on the acquisition and will be retained as joint sole agents with Davies Harrison.

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