Developer Chancerygate’s plans to speculatively build 98,000 sq ft of trade counter, urban logistics and industrial space in Colwick, Nottingham, have been approved.
Called Colwick Gateway, the proposed scheme will be located on a 6.35-acre site in Colwick Industrial Estate and comprise 13 Grade A leasehold units ranging from 3,500 sq ft to 27,200 sq ft, and the erection of a building for use as a building merchants. The projected gross development value is around £25m.
The site, which was formerly a major fuel distribution centre for Total Petroleum and has been unused for a number of years, is located off Colwick Loop Road approximately five miles east of Nottingham city centre.
Chancerygate development manager, Mark Garrity, who is based in the company’s Birmingham office, previously said: “Our proposed plans at Colwick aim to satisfy the high demand for Grade A sustainable trade counter, urban logistics and industrial accommodation in the Nottingham area.
“The site is situated in a prime industrial area of Nottingham, meaning it is best placed to serve businesses operating within the city as well as across the wider East Midlands region.
“The proposed development will help support both the local and regional economy to stimulate further investment and job creation.”
Agents for Colwick Gateway are FHP and Gerald Eve.
