Developer completes £11m industrial scheme

Developer Chancerygate, which has an office in Birmingham, has achieved practical completion of its £11m, 72,000 sq ft Forge Industrial Park scheme in Minworth, Sutton Coldfield.

Situated on Forge Lane, the development comprises 11 high specification Grade A units. Four of the units, which total 38,340 sq ft of industrial and trade counter space, have been forward sold ahead of practical completion.

The future occupiers are automotive brand Mercedes; supermarket, wholesaler and distributor supplier Food Store International; and machinery manufacturer Rubbernek Fittings.

A further five units totalling 24,220 sq ft are currently under offer, which means that more than 85%of space at the development is now sold or under offer. The two remaining units are 4,750 sq ft and 5,270 sq ft and are available on a freehold and leasehold basis.

Chancerygate development director and head of the company’s Birmingham office, Mark Garrity, said: “We are very pleased to have achieved practical completion with more than 85 per cent of the scheme’s units now sold or under offer, and the remaining two units attracting plenty of interest.

“There is significant demand in the region for strategically located Grade A industrial space clearly evidenced by the successful disposal of units at the development and in the strong interest we have for the final two units.”