Horsham development site set to become £27m urban logistics and industrial space

By Tom Kilkelly

15 June 2023

Share

The Business Magazine article image for: Horsham development site set to become £27m urban logistics and industrial space

The former Sony site, credit: Chancerygate

Industrial developer Chancerygate has acquired a 4.59 acre development site near Horsham with plans to build 105,000 sq ft of urban logistics and industrial space.

The Southwater Business Park site, which was formerly a manufacturing and logistics hub for global electronic manufacturers Sony, is around four miles south of Horsham.

Chancerygate plans to develop seven freehold units ranging from 9,775 sq ft to 33,350 sq ft. Once complete, the scheme will have a gross development value of approximately £27 million. The company will submit its planning proposal to Horsham District Council in September with an aim to secure approval in early 2024.

The properties themselves will make use of cycle storage, electric vehicle charging points, and solar cells which provide occupiers with more affordable green energy. The buildings will be constructed from materials that will reduce CO2 emissions and all units will have roof lighting to increase natural daylight levels.

This development is aiming to achieve an EPC B rating and a 'Very Good' rating from BREEAM at a minimum.

Development manager at Chancerygate Matthew Young said: “This site presents a fantastic opportunity to develop in a market which has seen a shortage of new-build industrial warehouse accommodation, Grade A or otherwise.

“There is pent-up demand for freehold urban logistics and industrial space across the region and we have previously seen occupiers become more footloose to secure freehold properties.

“Our proposed scheme will generate a catchment area of interest from locations such as Brighton, Worthing, Crawley, Reigate and Redhill. This will help stimulate further investment and job creation, and support growth within the local and regional economy.”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.