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

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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