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Planning Granted for 132,000 SQ FT Edinburgh Industrial Development

Commercial People has learned that another joint venture (JV) between industrial developer Chancerygate and specialist investor Bridges Fund Management has secured planning for a major, Grade A industrial development in Edinburgh.

Costing around £35m, the 132,000 sq ft urban logistics and trade counter park will be named Capital Park and will be located on Bankhead Avenue in Sighthill, Edinburgh.

Commercial People understands that the development will comprise 18 high specification new build leasehold units ranging from 2,761 sq ft to 16,953 sq ft. A bespoke 15,630 sq ft unit has also been pre-let to national builders’ merchant Travis Perkins.

Commenting on the site, Chancerygate Development Director, Mike Walker, said: “We’re very pleased to have secured consent to deliver Capital Park. The scheme will provide best-in-class urban logistics and trade counter space to serve the city’s increasingly active and dynamic SME sector.

“The development has already attracted a considerable amount of interest, which has been confirmed by the pre-let of a bespoke builders merchant unit for Travis Perkins. This will be a fantastic trading location and we look forward to welcoming the company to Capital Park.”

Construction of the development is set to commence in early 2022, with practical completion expected towards the end of next year.

Neighbouring occupiers to the development include Evans Halshaw, Tool Station, Edinburgh College, Edinburgh Napier University and Burton Biscuit Company.

Guy Bowden, Bridges Fund Management Partner, added: “We’re delighted that we can press ahead with this much-needed development, which will incorporate a number of value-adding sustainability features. As with all our previous projects with Chancerygate, we are confident these units will create jobs and support the growth of the local economy.”

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