JV plans £25m Croydon warehouse scheme

New development - Croydon's Factory Lane is set to become home to a 95,000 sq ft industrial scheme (site shaded in green)

A joint venture between Chancerygate and the property development arm of gas distribution company SGN has exchanged contracts to acquire a four-acre site in Croydon.

The deal marks the first JV between the partners, who plan to develop 95,000 sq ft of industrial and warehousing space with a gross development value of £25m.

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