Chancerygate acquires Horsham site to deliver 105,000 sq ft urban logistics development

Developer Chancerygate has acquired a 4.59-acre site in Southwater near Horsham to speculatively build 105,000 sq ft of Grade A urban logistics and industrial space.

The site, which was formerly a manufacturing and logistics hub for global electronic manufacturer 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.

Chancerygate plans to develop seven freehold units ranging from 9,775 sq ft to 33,350 sq ft. Once complete, the scheme will have a gross development value of approximately £27 million.

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.

Chancerygate development manager Matthew Young 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.”

Chancerygate will submit its planning proposal to Horsham District Council in September with an aim to secure approval in early 2024.

Leave a Reply

Your email address will not be published. Required fields are marked *

Commercial property News

Kent’s property market recovery reflects changing ways of working and living

The performance of Kent’s property industry reflects the recent changes to how the public lives, works and plays, according to this year’s Kent Property Market Report.

Read More
Commercial property News

Leading developer opens Kent office in Kings Hill

A leading housebuilder and land promoter has chosen Kings Hill as the location for its first Kent office, allowing the company to expand its operations in the county.

Read More
Commercial property News

Expanding property consultancy moves to larger offices

UK property consultancy Vail Williams has moved its Surrey regional office into a high-specification, modern new base in Woking as business demand grows.

Read More