Approval for speculative logistics and industrial development

Developer Chancerygate has been granted planning permission to build approximately 58,000 sq ft of grade A logistics and industrial space in Witham, Essex.Called Freebournes Park the speculative development is located on the established Freebournes Road Industrial Estate and will comprise ten units ranging from 4,390 sq ft to 7,030 sq ft which are available on a leasehold basis.Construction of the scheme is set to commence in August 2022 with practical completion expected in May 2023.Chancerygate development manager Matthew Young said: “Freebournes Park is in an excellent location and will provide Witham with much needed new units, as well as support job creation in the region.”There is a limited supply of leasehold grade A urban logistics and industrial accommodation within Essex and along the A12 corridor, so we anticipate strong demand from businesses operating locally and regionally for the units. We look forward to work commencing on site in August this year.”Founded in 1995, Chancerygate has offices in London, Warrington, Birmingham, Bristol and Milton Keynes.Agents for Freebournes Park are property consultancy Lambert Smith Hampton and commercial property agency Coke Gearing.