Chancerygate buys Bristol opportunity

By Paul Norman - Thursday, September 14, 2017 9:06

Chancerygate has bought the 6.6-acre former Amcor factory in Warmley, Bristol for an 119,000 sq ft warehouse.

It is now preparing a planning application for 15 production/distribution/trade units totalling circa 119,000 sq ft, which will include the refurbishment of an existing 35,000 sq ft distribution building. The completed units will be available on a freehold or leasehold basis.

Alastair King, development director at Chancerygate, said: “We have been actively targeting sites in Bristol to inject new stock into the city’s severely depleted industrial market. Our Apollo Park scheme in Yate is near to 100% occupied and we have recently submitted a planning application for 107,000 sq ft in 11 buildings at Vertex Business Park at Emersons Green where we hope to be on site in the next few months. The acquisition and redevelopment of the Amcor site will complement these developments.”

Alder King advised Chancerygate on the transaction while Burston Cook represented Amcor. Chancerygate has appointed both firms as agents on the scheme.

Andrew Ridler, partner at Alder King, said: “Industrial supply across Greater Bristol is at a 13-year low and is particularly acute on the eastern fringe where significant numbers of long-term industrial occupiers are looking to upgrade their facilities. The proposed redevelopment of this site will deliver units ranging from 3,380 sq ft to 35,000 sq ft, available individually or in combination, and will help ease some of the frustration felt by many businesses who have been unable to find the quality of premises they need."

pnorman@costar.co.uk

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