Industrial developer Chancerygate has achieved practical completion of its £17m, 86,019 sq ft Panorama scheme in Dartford and already sold more than 80 per cent of the available space there.
The development is situated within Crossways Business Park and overlooks the River Thames. Comprising seven new warehouse and industrial units, Panorama is adjacent to the Queen Elizabeth II Bridge and half a mile away from the M25.
83 per cent of the development’s available space has already been sold. Three units totalling 56,715 sq ft were disposed of ahead of practical completion in mid-October while an additional 14,555 sq ft unit was sold in November.
The three remaining units, which range from 4,693 sq ft to 5,030 sq ft, are all currently under offer.
The development’s first four occupiers include paper, plastic and board supplier, PPB; commercial vehicle body repair company, Truck Align; laser and special effects equipment provider, ER Productions; and aquarium supplier, Aquacadabra.
Panorama’s proximity to the A13, A2 and M20 also makes the scheme well-positioned for occupiers wanting to access Europe via the Channel Tunnel. Nearby occupiers on Crossways Business Park include Yodel, DHL Parcel, Furniture Village and Amazon.
Chancerygate development manager, Matthew Young, said: “Panorama is ideal for occupiers wanting to secure high quality, new build industrial space that is strategically located for access to both London and Europe.
“The combined benefits to occupiers provided by our units and the location have been reflected in the sales we have already achieved. These same qualities have led to the three remaining units currently being under offer and we are hopeful of having them all sold by the end of January 2021.”
Founded 25 years ago, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide with offices in London, Warrington, Birmingham and Milton Keynes.
The company currently has up to 2.9 million sq ft of industrial space under construction or ready for development across 22 sites ranging from Bournemouth in Dorset to Livingston, West Lothian.
In November 2020, Chancerygate was recognised as one of ‘1000 companies to inspire Britain’ following a report by the London Stock Exchange Group. The company was also named as one of the UK property industry’s best places to work by industry title Property Week.
Knight Frank and Altus Group are joint sales agents for Panorama Dartford.