Chancerygate and Hines have purchased the final five-acre development plot at Gemini8 in Warrington, England, to speculatively build around 100,000 square feet of industrial and warehouse space.
The site is the sixth acquisition for the joint venture between nationwide industrial developer and asset manager Chancerygate, which has an office in Warrington, and the international real estate firm, Hines.
Acting on behalf of developer Marshall CDP, Manchester property consultancy Davies Harrison secured the disposal of the plot, which was sold for an undisclosed sum.
The proposed scheme will provide around 20 units ranging from 3,500 square feet to 12,000 square feet. Chancerygate and Hines will submit a planning application for the development in the forthcoming months and commence speculative development as soon as possible.
Gemini8 comprises 14 acres in total with prominent frontage to the M62 at junction 8. Its occupiers include health and fitness clu
