The final five-acre development plot at Gemini8 in Warrington has been bought by Chancerygate and Hines, with the pair set to speculatively build about 100,000 sq ft of industrial and warehouse space.
The site is the sixth acquisition for the joint venture, with the proposed scheme to comprise about 20 units ranging from 3,500 to 12,000 sq ft.
The pair will submit a planning application for the development in the coming months and commence speculative development “as soon as possible”.
Acting on behalf of Marshall CDP, Manchester property consultancy Davies Harrison secured the disposal of the plot for an undisclosed sum. CBRE acted for Chancerygate on the acquisition and will be retained as joint sole agents with Davies Harrison.
Gemini8 comprises 14 acres in total with occupiers including Athelis, Travelodge, Harvester, Starbucks, Subway, Frankie & Benny’s and Marston’s The Skymaster.