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Chancerygate’s £33m Novus Site Generates Significant Interest

Established industrial developer Chancerygate has announced it has successfully pre-let or sold more than half of the units at its new £33m Novus site in Knutsford.

The multi-million-pound, 9-unit, North Chesire business park now only has four units remaining following Chancerygate’s recent selling of an additional four units.

Global industrial valves manufacturer Oliver Valves has bought three units comprising 17,387 sq ft while a further 5,996 sq ft unit has been purchased by medical cosmetics distributor Wellness Trading.

Commenting on his firms’ purchase, Oliver Valves chairman, Dr Michael Oliver OBE DL, said: “We have been present on Parkgate Industrial Estate for more than 40 years, and Novus provided the perfect opportunity for us to buy a Grade A industrial facility and ensure our long-term growth plans were catered for. We look forward to seeing the development progress over the next few months.”

Chancerygate’s Novus site is an impressive 252,000 sq ft industrial and warehouse development set across 16-acres, and currently has four units remaining ion phase one, ranging in size from 13,974 ft to 24,786 sq ft.

Chancerygate development manager, Chris Brown, who is based in the Warrington office, said: “Securing occupiers for more than half of our flagship North West development only two months into the build is an excellent achievement. We couldn’t have asked for a better start.

“The swift take-up of these units is testament to the pent-up demand in Knutsford from owner-occupiers for high-quality industrial and warehouse space and the limited options available to businesses for many years now.

“With four units remaining in phase one, we look forward to continued discussions with potential occupiers ahead of completion in September 2020. We are now accelerating our plans to bring phase two forward, proposing more units under 10,000 sq ft.”

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