Chancerygate to build £32million warehousing units in Leatherhead

By Stephen Emerson

7 June 2022

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Industrial developer Chancerygate announced they are to construct thirteen industrial and warehousing units in Leatherhead.

The company confirmed their plans to construct 82,400 ft of Grade A industrial and warehousing space to the Business Magazine.

In order to do so they have acquired 4.6 acres of land, located off Cleeve Road in Leatherhead Business Park. The new units will be situated approximately one mile north of the town centre and one mile east of junction 9 of the M25.

Once complete, the scheme will have a gross development value of around £32m. Chancerygate first acquired a 3.6-acre site from a private family investor then an adjacent one-acre site from an international corporation.

Both sites currently comprise office and warehouse accommodation which will be demolished for the new development. All values relating to the acquisitions are undisclosed.

On the acquisition, Chancerygate head of development Alastair King, said: “We’re very pleased to have secured this opportunity to develop in a prime industrial area of the South M25 quadrant.

“Leatherhead’s proximity to excellent transport connections and an affluent, skilled workforce has resulted in a thriving business community, including an array of established, blue chip multi-national companies.

“Our proposed development of high specification, sustainable industrial accommodation will complement the local and regional economy and stimulate further investment and job creation.”

Chancerygate will submit its plans for the development to Mole Valley District Council towards the end of the year.

Founded in 1995, Chancerygate has offices in London, Warrington, Birmingham, Bristol and Milton Keynes. It currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites from Bournemouth to Edinburgh.

Chartered surveyors Aston Rose advised Chancerygate on the site acquisition of 3.6-acre site , whilst JS Land & Capital advised the vendor.

By Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.