A joint venture between Chancerygate and Hines has been granted planning permission to speculatively develop a new 100,000-square-foot trade park in Tonbridge, Kent, England.
Called Tonbridge Trade Park, the industrial and trade counter scheme will comprise 15 high-quality units ranging from 4,000 square feet to 15,000 square feet and has a gross development value of around £20 million (€22 million/$25 million).
Located just one mile from Tonbridge town center, the development will provide a variety of trade, warehouse, industrial and other roadside opportunities, as well as offering easy access to the M25.
The 4.11-acre site will be Tonbridge’s first new industrial scheme for over 20 years. Pre-sale and pre-let discussions with prospective occupiers are currently ongoing.
Industrial developer and asset manager Chancerygate and international real estate firm Hines launched the equal joint venture in September 2018 and Tonbridge was its first acquisit
