Hundreds of jobs will be created under new plans to create a huge £20m industrial site in Colwick.
Chancerygate has acquired a 6.35-acre site off Colwick Loop Road in Colwick Industrial Estate, which was formerly a major fuel distribution centre for Total Petroleum. The site has been unused since 2019.
Now the developer hopes to speculatively build 137,852 sq ft of industrial and warehousing space.
Mark Garrity, Chancerygate development director and head of its Birmingham office, said: "We’re very pleased to have secured this development opportunity in a prime industrial area of Nottingham.
"Colwick is an up-and-coming area of the city benefitting from extensive redevelopment and regeneration. The delivery of this site has the potential to create hundreds of jobs in the local area.
"We already have interest from a variety of potential occupiers and we’re looking forward to submitting plans for the development to Gedling Borough Council towards the end of the year."
The developer plans to create 15 freehold and leasehold units ranging from 5,920 sq ft to 23,864 sq ft.
Neighbouring occupiers to the proposed development include Jewson, Sainsbury’s, Biffa, Nottingham Steel Supplies and Tile Tec Fireplaces.
Chancerygate acquired the site from commercial property development and investment company, City Estates.
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.
It currently has more than three million sq ft of industrial space under construction or ready for development across 23 sites ranging from Livingston to Bournemouth.
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