The Business Magazine - B2B Business News - Site Logo

Warning: Undefined array key "tbm_visit_edition_me" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 27
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Green light for Chancerygate’s urban logistics development in Chichester

The Business Magazine article image for: Green light for Chancerygate’s urban logistics development in Chichester
27 June 2024

Developer Chancerygate has been granted planning permission to speculatively build 41,200 sq ft of urban logistics space in Chichester.

The Novio development will comprise four Grade A units ranging from 6,200 sq ft to 12,300 sq ft, with a projected gross development value of around £12 million.

Units on the 1.9-acre site will be available on a leasehold basis.

Located off Terminus Road approximately two miles south of Chichester town centre, the Novio site is adjacent to the main A27 arterial route. 

Neighbouring occupiers include builders’ merchants Jewson and trade kitchen supplier Howdens, as well as Ford, Jaguar and Volkswagen car dealerships.

All units at Novio will feature electric vehicle charging points, 15 per cent warehouse roof lights to increase natural lighting, and roof-mounted solar cells to provide up to 35 per cent of the units’ energy needs.

They’ll also be constructed from high-performance insulated cladding and roof materials to reduce CO2 emissions.

Jonathon Lee, development director at Chancerygate, said: “There’s a high demand for high-quality, sustainable urban logistics units in Chichester, as well as across West Sussex and the South East.

“Our Novio development will satisfy this demand through supplying much-needed Grade A accommodation to both the locality and the wider region.

“Our development will deliver an enduring economic asset for Chichester and ensure occupiers are best placed to grow their businesses by being based in an excellent strategic location.”

Chancerygate currently has around 1.16 million sq ft of urban logistics space under construction or ready for development across 10 sites from Edinburgh to Chichester.

Agents for Novio are Carter Jonas and Vail Williams.


Share 

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

Latest deal ticket

All deals
  • IT provider Daly Systems (Leicestershire)
    has been acquired by
    Telecoms provider Onecom (Hampshire)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • Water consultancy Waterscan (West Sussex)
    has received investment from
    Private equity firm LDC (London)
    June 2024
    £12m
    Who's behind the deal?
  • Bluewater Shopping Centre (Kent)
    has sold an additional stake to
    Property investor Landsec (London)
    June 2024
    £120m
    Who's behind the deal?

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
cross