‘Hundreds of jobs’ to be created after £3m property deal
Developer Chancerygate has bought a 5.4-acre site in Wigston, near Leicester, to speculatively build 127,925 sq ft of light industrial and warehousing space in £3m deal that it says will create “hundreds of jobs”.
The vacant site was previously home to Food Hub Leicester’s main facility before it was demolished in 2018.
The proposed scheme will comprise 16 units ranging in size from 3,725 sq ft to 18,350 sq ft and have a gross development value of £16.8m. Units will be available on both a freehold and leasehold basis.
Mark Garrity, development director and head of Chancerygate’s Birmingham office, said: “It’s great to have completed the acquisition of a prime site in South Wigston’s well-established industrial area. It provides us with the opportunity to deliver a high quality, new build industrial scheme which will provide much needed warehousing and light industrial space in the region.
“Developing this site has the potential to create hundreds of jobs for local area. It also fills a gap in the market, with an increasing number of businesses looking to invest in their logistics operations and take up warehousing space to meet the rising demand for rapid last mile delivery.
“We’re looking forward submitting our plans for the scheme to Oadby and Wigston Borough Council, which we hope will become an excellent asset for Wigston for many years to come.”
Property agents Avison Young advised Chancerygate on the site’s acquisition while Innes England acted on behalf of the vendor.
