Work has begun on a newbuild, 18-unit industrial and warehousing development in Warrington that once complete will have a value of £19m.
The 119,588sq ft scheme is situated on the final plot at Gemini8 Business Park, with works being led by a joint venture between developer Chancerygate and international real estate firm Hines.
It will comprise 18 units ranging from 4,295 sq. ft to 16,754 sq ft available on a freehold or leasehold basis when the project is complete, scheduled for March 2022.
Chancerygate development director and head of the company’s Warrington office, Mike Walker, said: “Gemini8 provides an optimum location for commercial occupiers as it is ideally placed within the North West’s most prominent business park midway between the major Manchester and Liverpool conurbations.
“It is also the first new build, multi-unit industrial and warehousing development of this type in the Warrington area for more than 10 years so we are very pleased to have started on site.
“We have already had a great deal of interest in the available units, which reflects the strength and resilience of both the industrial and warehousing sector in the North West and the region’s economy.
"We are also very pleased to be working with Caddick Construction again, a company which we have a longstanding relationship with, and which recently built our highly successful schemes in Knutsford, Liverpool and Carlisle.”
Gemini8 is being built by Caddick Construction which won a competitive tender for the construction contract.
Occupiers surrounding the new business park include Ikea, Starbucks, Travelodge, Marks & Spencer and Athelis Club & Spa.
North West managing director for Caddick, Ian Threadgold, added: “We are delighted to be once again working with Chancerygate on another high-profile scheme that will bring employment and investment opportunities to Warrington.
“Its superb location will undoubtedly attract quality tenants to an area that is proving increasingly popular with the logistics market and, we are extremely pleased to be associated with the development.”
Joint agents on Gemini8 are CBRE and Davies Harrison.
