A joint venture between Chancerygate and Bridges Fund Management has acquired a 7.85-acre site in Adlington, Cheshire to speculatively develop 165,000 sq ft of Grade A industrial and warehousing space that could create up to 250 jobs.
The partners intend to deliver 18 leasehold units ranging from 7,000 sq ft to 24,500 sq ft at the site. Once complete, it will have a gross development value of around £40m.
The proposed development will be located off London Road, south of Poynton town centre, and will adjoin Adlington Business Park & Industrial Estate.
Chris Brown, Development Director, Chancerygate, said:
“The new £53m Poynton Relief Road will be hugely beneficial to Avro Business Park. It will directly connect the development to the airport and the M56, providing excellent connectivity to the wider Cheshire and Manchester markets."