Chancerygate has submitted plans to speculatively build 105,000 sq ft of Grade A urban logistics and industrial space in Southwater near Horsham, West Sussex.
The proposed scheme will comprise seven freehold units ranging from 8,325 sq ft to 33,940 sq ft. The projected gross development value is approximately £27m.
The 4.59 acre site, which was formerly a manufacturing and logistics hub for global electronic manufacturers, Sony, is located at Southwater Business Park approximately four miles south of Horsham. It is strategically positioned adjacent to the A24 between Crawley and Worthing, which provides access to the wider south coast.
All units at the planned scheme will benefit from cycle storage, electric vehicle charging points and solar cells which provide green energy on an affordable basis to occupiers.
In addition, the units will have enhanced roof lighting to increase levels of natural daylight to reduce the need for internal artificial lighting and will be constructed from high-performance building materials to reduce CO2 emissions. The scheme is targeting EPC B and a BREEAM Very Good rating as a minimum.
Commenting on the plans, Chancerygate development director, Matthew Young said: “Our development at Southwater Business Park will provide an excellent opportunity for businesses across the region to purchase brand new Grade A industrial and warehousing space. Much of the existing industrial and warehouse stock within the mid Sussex market is either second hand with low sustainability credentials or is only available on a leasehold basis.
“There remains strong demand from occupiers for freehold urban logistics units who are becoming more footloose within the region. This has been made possible through the excellent road infrastructure and the desire to own property which meets occupiers’ and their clients’ environmental expectations.
“The scheme aims to become an economic asset to the region through the creation of jobs whilst driving further investment. We look forward to working closely with Horsham District Council to progress our planning application and to deliver prime industrial assets to the region.”
Agents for the development are Graves Jenkins and JLL.