Chancerygate has sold two urban logistics developments totalling 275,000 ft2 (25,500 m2) of Grade A accommodation to a private investor for an undisclosed sum.
The developer has sold Vantage 41, which is located in Aston Clinton, near Aylesbury, and Broadway Central in Chadderton, near Oldham.
Vantage 41 is a 165,000 ft2 development is located four miles (6.4 km) east of Aylesbury, sitting directly off the A41 with road connectivity to the M25 and M40. The scheme comprises 16 units ranging from 4,800 ft2 to 43,600 ft2.
Located in Chadderton, near Oldham, Broadway Central has eight unit totalling 110,000 ft2. It comprises seven units across two terraces ranging from 7,600 ft2 to 18,200 ft2 and one stand-alone unit of 27,000 ft2.
The development is six miles north of Manchester city centre and a short drive away from the M60 and M62. It is part of the wider 121-acre mixed use Broadway Green, which is delivering 500 new homes.
Both Vantage 41 and Broadway Central achieved BREEAM Very Good rating and all properties have a mixture of EPC A and B ratings. In addition, all units benefit from electric vehicle charging points and are constructed from high-performance building materials and 15% roof lights to reduce CO2 emissions and occupational energy costs.
Chancerygate senior development director, Matthew Connor, said: 'These deals are testament to the hard work and expertise to develop Vantage 41 and Broadway Central and will help satisfy the strong demand for urban logistics accommodation in the respective regions.
'The sales are also further evidence of our product’s sustainability credentials, flexible sizing and proximity to key infrastructure and transport hubs, which are attractive to both investors and occupiers.'
JLL advised Chancerygate on the sale of Vantage 41.
