Plans have been revealed for a new £19m industrial and warehousing site at the former Total fuel depot in Colwick – creating hundreds of jobs.
Industrial developer Chancerygate has acquired the 6.35-acre site to speculatively build industrial and warehousing space
The site, which was formerly a major fuel distribution centre for Total Petroleum but has been unused since 2019, is located off Colwick Loop Road in Colwick Industrial Estate.
Chancerygate acquired the site from commercial property development and investment company, City Estates.
The developer plans to redevelop the site to create 15 freehold and leasehold units.
Chancerygate development director said: “We’re very pleased to have secured this development opportunity in a prime industrial area of Nottingham.
“Colwick is an up-and-coming area of the city benefitting from extensive redevelopment and regeneration. The delivery of this site has the potential to create hundreds of jobs in the local area.
“We already have interest from a variety of potential occupiers and we’re looking forward to submitting plans for the development to Gedling Borough Council towards the end of the year.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.
It currently has more than three million sq ft of industrial space under construction or ready for development across 23 sites ranging from Livingston to Bournemouth.
Chancerygate was advised by Gerald Eve on the site acquisition whilst FHP advised City Estates. FHP and Gerald Eve will be the retained agents on the development.
For more information visit www.chancerygate.com
