Developer Chancerygate has submitted plans to speculatively build 51,000 sq ft of Grade A industrial, warehouse and research and development space in Newmarket which could create up to 100 jobs.
Called Nucleus, the proposed scheme will comprise 10 units ranging from 3,595 sq ft to 6,685 sq ft, available on both a freehold and leasehold basis. The projected gross development value is approximately £11.5m. The 2.48-acre site, which formerly housed an electronics and displays manufacturer, is located on Exning Road two miles south of the A14, with access to the east coast ports and motorway network.
All units at Nucleus will benefit from electric vehicle charging points and solar panels on their roofs, which will 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 will be constructed from high-performance building materials to reduce CO2 emissions. The scheme is targeting an EPC A and BREEAM Excellent rating.
Chancerygate Senior Development Director, George Dickens said: “We are very pleased to have submitted our detailed planning application.
“There is strong demand for high-quality, sustainable industrial and warehouse accommodation in strategic locations and in close proximity to key infrastructure which also allows R&D uses.
“Our proposal will provide this alongside much needed employment opportunities to Newmarket and the surrounding area.
“We look forward to working with West Suffolk District Council and Consultees to progress our planning application.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.
The company currently has around 1.16m sq ft of urban logistics space under construction or ready for development across 10 sites ranging from Edinburgh to Croydon.
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