Chase Commercial secures development site
Chase Commercial, based in Worcestershire, has secured a 6.25 acre site at Stoke Road in Cheltenham from Spitfire Homes.
The development will comprise flexible industrial warehouse buildings, totalling 115,000 sq ft, with units ranging in size from 2,875 sq ft to 20,000 sq ft mezzanines/offices, arranged in seven blocks and subject to planning.
Alternatively, the scheme could deliver a single unit of around 100,000 sq ft.
The units will be available on a both a freehold and leasehold basis with anticipated completion Q4 2024.
Justin Parker, director at Chase Commercial, said: “We are delighted to have secured this prominent site in Bishops Cleeve, on the northern edge of Cheltenham. The area is an established commercial location with major occupiers in the locality including GE Aviation, Ontic and PKL. The proposed scheme will deliver high calibre buildings of varying sizes within a quality landscaped and secure environment.”