A joint venture between Chancerygate and Bridges Fund Management has submitted plans to speculatively develop 146,745 sq ft of Grade A urban logistics accommodation on a seven-and-a-half-acre site on Bankhead Avenue in Sighthill, Edinburgh.

The proposed development, Capital Park, is around five miles southwest of the city centre and will comprise 18 leasehold units ranging from 4.295 sq ft to 17,000 sq ft. 

It will have a gross development value in excess of £30 million, and will replace Grayfield House, a 90,000 sq ft office building that is currently being demolished.

Chancerygate development director, Mike Walker, said: “Submitting a planning application for this site is another key milestone in bringing forward this development.

“Once delivered, we believe Capital Park will be a best-in-class trade counter and multi-unit urban logistics development perfectly placed for Edinburgh’s increasingly active and dynamic SME sector.”