INDUSTRIAL property developer and asset management company Chancerygate has secured a long-term lease for a 36,361 sq ft purpose-built facility in Cheshire with Sytner Group.
The deal is the first pre-let at the site and will see Sytner Group occupy the bespoke unit at Chancerygate’s Novus development in Knutsford.
Planning permission has been submitted for the unit, which sits on a three-acre site allowing for extensive car parking and storage.
Novus is a 16-acre, 252,000 sq ft industrial and warehouse scheme, sitting at the eastern end of the established Parkgate Industrial Estate in Knutsford. It is currently the largest development in Chancerygate’s portfolio.
Sytner Group’s head of property, Nigel Mills, said: “Novus was selected as it is ideally situated within close proximity of our dealerships and customer base. This new facility underlines our commitment to the Cheshire and North West region as we invest to improve the service provided to our existing and future customers in the area.”
Novus is strategically located in the North West in close proximity to Manchester and Liverpool. The site was originally acquired by Chancerygate in June 2017 with work set to commence in mid-2019.
Chancerygate development manager, Chris Brown, said: “We’re extremely pleased to have secured such an established name in the automotive industry at one of our flagship schemes.
“This is an excellent start to the scheme and we are in detailed discussions with several other occupiers for pre-commitments on the other eight units we will be developing speculatively as part of phase one.”