Chancerygate and Bridges join forces on Cheshire industrial deal

New scheme - Chancerygate intends to deliver a £40m, 165,000 sq ft urban logistics development in Adlington (CGI pictured)

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.

The JV intends 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.

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