Developer Chancerygate has submitted plans to build a major Grade A industrial, warehouse and R & D scheme in Newmarket which could create up to 100 jobs.
The speculative scheme, called Nucleus, is on a 2.5-acre site which was formerly home to an electronics manufacturers on Exning Road, two miles south of the A14. It will cover 51,000 sq ft and involve 10 units ranging from 3,595-6,685 sq ft, available on freehold and leasehold and with a gross development value of around £11.5m.
Chancerygate senior development director George Dickens said: “There is strong demand for high-quality, sustainable industrial and warehouse accommodation in strategic locations and in close proximity to key infrastructure which also allows R&D uses. Our proposal will provide this alongside much needed employment opportunities to Newmarket and the surrounding area.” The units at Nucleus will all have EV charging points and rooftop solar panels. Founded in 1995, Chancerygate has around 1.16m sq ft of urban logistics space under construction or ready for development across 10 sites ranging from Edinburgh to Croydon.
